{"id":271905,"date":"2018-09-17T13:59:10","date_gmt":"2018-09-17T11:59:10","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=271905"},"modified":"2018-09-17T13:59:10","modified_gmt":"2018-09-17T11:59:10","slug":"liquid-telecom-in-possible-ipo-report","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/271905\/liquid-telecom-in-possible-ipo-report\/","title":{"rendered":"Liquid Telecom in possible IPO \u2013 report"},"content":{"rendered":"

Econet Wireless Zimbabwe Ltd is in talks about restructuring the company, according to two people familiar with the matter.<\/p>\n

The company, which has a market value of $3.1 billion, announced on Monday it\u2019s in talks that may affect its share price, urging stockholder caution when trading its securities. It didn\u2019t provide further details.<\/p>\n

The talks are related to a reorganisation, the two people said, asking not to be identified because they aren\u2019t authorized to discuss it publicly.<\/p>\n

One of the people said the restructuring may relate to plans for an initial public offering by Liquid Telecom, a unit of Econet that owns about 40,000 kilometers (25,000 miles) of cross-border fiber networks in Africa.<\/p>\n

Liquid chief executive Officer Nic Rudnick said last year that an IPO was a possibility.<\/p>\n

Econet, founded by Zimbabwean phone tycoon Strive Masiyiwa, is also considering selling shares on the London Stock Exchange that could value the company at about $8 billion, people familiar with the matter said in November.<\/p>\n

\n

Read: Liquid Telecom appoints new chief operating officer<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Econet Wireless Zimbabwe Ltd is in talks about restructuring the company, according to two people familiar with the matter.<\/p>\n","protected":false},"author":59,"featured_media":195582,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[26,7293],"class_list":["post-271905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-headline","tag-liquid"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/271905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=271905"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/271905\/revisions"}],"predecessor-version":[{"id":271907,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/271905\/revisions\/271907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/195582"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=271905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=271905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=271905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}