Telkom sheds Swiftnet in R6.75bn deal

Information and communication technology group Telkom has sold its masts and towers infrastructure subsidiary Swiftnet for R6.75-billion to consortium Towerco Bidco. The newly incorporated entity Towerco Bidco comprises of equity investors led and managed by Actis, which holds 70% of the purchaser’s shares, with the balance of 30% held by Royal Bafokeng Holdings.

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