Telkom shares surge as R6. 75bn sale of Swiftnet tower business nears completion
Telkom's share price increased by 2. 9% following the announcement that all conditions have been met for the R6. 75 billion ...
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Telkom passes another hurdle in R6.75bn Swiftnet deal
Telkom is in the final stages of disposing of its masts and tower business housed in subsidiary Swiftnet. The proposed R6.75 billion deal will see TowerCo acquire Swiftnet from Telkom. Swiftnet, a key ...
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Telkom finalises R6.75bn Swiftnet tower sale
Telkom has completed the sale of its telecom tower business, Swiftnet, to a consortium led by global infrastructure investor Actis for R6.75 billion. The deal includes over 4 000 telecom tower ...
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Actis-led consortium buys South African tower platform Swiftnet
The Actis-led consortium includes international and local investors including the Mineworkers Investment Company.
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Telkom wraps up disposal of Swiftnet for R6.75bn
In March 2024, Telkom announced that Swiftnet, the division that owns its towers and masts, was the subject of an offer to buy from Towerco Bidco for R6.75 billion. That purchase has finally ...