• Sun. Dec 3rd, 2023

Telkom South Africa in Exclusive Talks to Sell Its Towering Business


Nov 21, 2023

As a telecom giant in South Africa, Telkom has been exploring various options to unlock the undervalued business of its masts and towers unit, Swiftnet. The company has entered into exclusive negotiations with a preferred bidder for the potential sale of this business. A consortium of equity investors, including a Black Economic Empowerment partner, is leading the bid.

In an effort to reposition itself and drive strategic growth, Telkom has spun off its telecom towers and masts into a separate unit. This move is part of its reorganization process, which is expected to be fully operational by the end of 2025. Once this transition is completed, Telkom will consider further opportunities to realize value, including minority partnerships for Openserve and a strategic equity partner for BCX – its fibre and ICT businesses.

This move reflects Telkom’s efforts to create a stronger and more efficient business model in the future. By exploring potential sales and partnerships for its core assets, the company aims to unlock the full potential of its business divisions and drive long-term success in the competitive telecommunications industry.

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