Telkom completes sale of Swiftnet to Actis and Royal Bafokeng Holdings

Telkom has officially completed the sale of its masts and towers business, known as Swiftnet, to a consortium spearheaded by Actis and Royal Bafokeng Holdings. This strategic move marks a significant shift in Telkom’s operational focus and financial strategy. In this consortium, Actis holds a commanding 70% stake in Towerco Bidco Proprietary Limited, while Royal … Continue reading Telkom completes sale of Swiftnet to Actis and Royal Bafokeng Holdings