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News24 Business | Telkom lifts as it flags hefty boost from towers sale

Summary by News24

Shares of SA's third-largest mobile operator, Telkom, initially jumped almost 5% on Friday morning after it flagged higher profits, including in a surge in basic earnings after receiving the about R6.6 billion in proceeds from the sale of its mast and towers business, Swiftnet.

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News24

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News24 Business | Telkom lifts as it flags hefty boost from towers sale

5 days ago·South Africa

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The Globe & Mail

Center

U.S. suitors likely buyers for stake in Telus cell towers, analysts say

Past domestic tower purchases with U.S. companies suggest Ottawa would approve a sale of Telus’s 49.9-per-cent stake in its network

5 days ago·Canada

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Cartt.ca

Telus exploring selling minority stake in cell towers

Telus’s CEO Darren Entwistle confirmed Wednesday that the telco is “evaluating a potential plan” to sell a minority stake in its wireless towers to pay down debt. The Globe and Mail, citing anonymous sources and documents, reported that the company has hired TD Securities to roadshow a 49.9-per-cent stake in its portfolio of 3,000 towers.... Read more »

6 days ago

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Cantech Letter

Telus keeps “Buy” rating at CIBC

Following its plan to sell of some wireless towers, CIBC analysts Stephanie Price has maintained her “Buy” rating on Telus (Telus Stock Quote, Chartm, News, Analysts, Financials TSX:T). On March 26, Telus announced that it had engaged an advisor to explore selling a minority stake in some of it wireless towers. “This initiative would provide […] Source

6 days ago

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thewirereport.ca

Telus confirms plan to sell minority stake in wireless tower network - The Wire Report

Telus said that it has been working with advisors to strengthen its balance sheet, including plans to sell a minority stake in tower infrastructure to pay down its debt. The post Telus confirms plan to sell minority stake in wireless tower network appeared first on The Wire Report.

6 days ago

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