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Telkom South Africa to Sell Masts and Towers Business for ZAR 6.75 Billion
Telkom South Africa has announced plans to sell its masts and towers business housed in Swiftnet for an enterprise value of ZAR 6.75 billion. Telkom said the move is part of its strategy to unlock value and strengthen its balance sheet by divesting non-core assets. The sale agreement, signed with Towerco Bidco Proprietary, a consortium led by Actis and including the African community investment holding company Royal Bafokeng Holdings (RBH),... Read More