Telkom South Africa divests mast and tower division to UK’s Actis for Over $350 million

The Competition Tribunal of South Africa has given the green light for Telkom’s divestiture of its masts and towers subsidiary, Swiftnet, to Towerco Bidco, following a recommendation from the Competition Commission. The sale to Towerco Bidco, a new entity jointly owned by Actis and Royal Bafokeng, has been approved with certain stipulations, which the buyer … Continue reading Telkom South Africa divests mast and tower division to UK’s Actis for Over $350 million