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Telkom Sells Swiftnet Mast and Tower Business for R6.75 Billion

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Telkom,Swiftnet,Mast

Telkom has announced the sale of its Swiftnet mast and tower business to a consortium of equity investors for R6.75 billion. The sale marks a strategic transformation for Telkom and allows the company to focus on its core business operations.

Telkom has sold its Swiftnet mast and tower business to a consortium of equity investors for R6.75 billion. The company today announced a step forward in its strategic transformation with the initiation of a sale agreement for all shares in its wholly-owned Swiftnet subsidiary.

Swiftnet, a key player in the South African market, has extensive masts and towers infrastructure, with approximately 4 000 installations and leasing co-location space to major mobile network operators, says Telkom in a statement. This decision marks a pivotal moment in Telkom's journey towards unlocking shareholder value and streamlining our focus on core business operations

Source: News Formal (newsformal.com)

Telkom Swiftnet Mast Tower Business Sale Consortium Equity Investors Strategic Transformation South African Market Infrastructure Mobile Network Operators

 

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