Telkom, mentioned on Tuesday that it’s in unique negotiations with a most well-liked bidder on the potential sale of its masts and towers enterprise, Swiftnet.
Telkom, additionally a fixed-line telephone firm, mentioned the popular bidder is a consortium of fairness traders, together with a Black Financial Empowerment associate, led and managed by a good non-public fairness agency.
Telkom, which spun off its telecom towers and masts right into a separate unit, has been exploring choices to unlock worth within the enterprise, which it sees as undervalued as a result of it’s trapped within the group construction.
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On the similar time, the operator, which is majority-owned by the federal government, is reorganising itself as an infrastructure firm to be able to drive strategic progress by means of consolidating core property, it mentioned.
This course of is predicted to be in full impact by the tip of 2025, Telkom mentioned.
“As soon as the infrastructure firm construction is in place and the masts and towers transition is concluded, Telkom will contemplate additional alternatives to grasp worth, together with … the minority partnerships for Openserve and a strategic fairness associate for BCX,” it mentioned referring to its fibre and ICT companies.
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