Feb 24, 2018 Last Updated 3:20 PM, Feb 22, 2018
×

Warning

JFile: :read: Unable to open file:

Press Corporation Set To Close Deal With Potential Partner

Press Corporation Set To Close Deal With Potential Partner Image sourced at presscorp.com
Published in Business News
Read 25233 times
Rate this item
(0 votes)
Tagged under

Press Corporation Limited is still working on closing a deal with a potential strategic partner for its new infrastructure company, Open Connect Limited (OCL).

OCL was formed following the unbundling of their telecommunications subsidiary MTL which was manning both infrastructure and telephony businesses.

The tasks were said to have been burdening MTL, affecting the efficiency of the business in the process.

According to representatives of the conglomerate, OCL, which is now operational and responsible for fibre optic management for the company and wholesale of bandwidth, still needs a strategic investment partner.

An inside source has told Capital FM that despite OCL being operational, that there is a company which is in negotiations with PCL on the partnership.

According to the source, the two parties have been advised not to divulge any information until a deal is closed.

One of the objectives of the establishment of the sister company to MTL, is to make the telecommunications firm more profitable as it was making worrying losses for the group.

Press Corporation Limited is a public listed company incorporated in Malawi, under the Companies Act 1984; and is quoted on the Malawi Stock Exchange and is listed as a global depository receipt on the London Stock Exchange.

2117 comments

  • Comment Link ralph lauren on sale ralph lauren on sale Monday, 19 February 2018 07:05

    Most of the blogs online are pretty much the same but i think you have a unique blog. Bravo !
    ralph lauren on sale

  • Comment Link discount Roberto Cavalli outlet discount Roberto Cavalli outlet Monday, 19 February 2018 07:04

    This article gives the light in which we can observe the reality. This is especially nice one and gives in-depth information. Thanks for this nice article.
    discount Roberto Cavalli outlet

  • Comment Link buy barbour buy barbour Monday, 19 February 2018 07:03

    inkishinov kossatzki akiva witches overkill rambert valcke tickets marzi
    buy barbour

  • Comment Link Roberto Cavalli outlet store Roberto Cavalli outlet store Monday, 19 February 2018 07:03

    Let me justify that in perfect detail.
    Roberto Cavalli outlet store

  • Comment Link birkenstock outlet online birkenstock outlet online Monday, 19 February 2018 07:02

    Assets just like the one you mentioned here will likely be very helpful to me! Ill submit a hyperlink to this page on my blog. I am sure my guests will discover that very useful. Massive thanks for the helpful info i found on Area News Anyway, in my language, there will not be a lot good source like this.
    birkenstock outlet online

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Any data to display

Find Us on Facebook