No commitment made to buy Telikom shares: Nambawan Super

Nambawan Super Ltd (NSL) chief executive Paul Sayer says they have not made any commitment to buy shares in Telikom.
Earlier this week, Telikom announced a profit of K28 million.
“We will only do so after we have reviewed the investment through our established processes and have deemed the venture to be beneficial to our members,” he said in a statement.
“We congratulate Telikom’s management and staff on their successful performance this year in generating a profit of K28 million and delivering a K3 million dividend to its shareholder.
“Despite Telikom’s good performance this year, like all investments considered by the Fund, we must still follow our strict regulatory guidelines before committing to a deal.”
Sayer said NSL was the trustee for more than 214,000 “hardworking Papua New Guineans and so it was imperative that the Fund was prudent in its considerations”.
“We consider all investment opportunities on their own merit in consultation with our licensed investment manager as required under the prudential standards and regulations,” he said.
“This process guides investment decisions and ensures that opportunities to generate returns for our members are considered against the appropriate level of risk.”