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Telkom in exclusive talks on sale of towers business

Summary by Ground News
Telkom is in exclusive negotiations with a preferred bidder on the possible sale of its masts and towers business, Swiftnet. The JSE-listed group, which is also a fixed-line phone company, said the preferred bidder is a consortium of equity investors. Telkom spun off its telecom towers and masts into a separate unit.
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Telkom in exclusive talks on sale of towers business

The preferred bidder is a consortium of equity investors, including a Black Economic Empowerment partner, led and managed by a reputable private equity firm.

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Moneyweb broke the news in on Tuesday, November 21, 2023.
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