Sunday, July 13, 2025
  • News & Reports
    • Animation Content
    • Broadcasting
    • Broadcasting Right
    • Broadcasting Service
    • Cinema Content
    • Connectivity
    • Content Distribution
    • Content Production
    • Content Regulation
    • Film Festival
    • Film Industry
    • Media Regulation
    • Mergers & Acquisation
    • OTT & Streaming
    • Pay-TV
    • Radio Broadcasting
    • Industry Executives
    • Reports
    • Satellite
  • Industry Resources
    • Audio & Podcasts
    • Reports & Presentations
    • TV and Videos
  • Products & Services
    • Promo: Spotlight Service
  • Events
    • All Events
    • BMA Events
  • Join BMA Network
  • Login
  • Dashboard
No Result
View All Result
  • News & Reports
    • Animation Content
    • Broadcasting
    • Broadcasting Right
    • Broadcasting Service
    • Cinema Content
    • Connectivity
    • Content Distribution
    • Content Production
    • Content Regulation
    • Film Festival
    • Film Industry
    • Media Regulation
    • Mergers & Acquisation
    • OTT & Streaming
    • Pay-TV
    • Radio Broadcasting
    • Industry Executives
    • Reports
    • Satellite
  • Industry Resources
    • Audio & Podcasts
    • Reports & Presentations
    • TV and Videos
  • Products & Services
    • Promo: Spotlight Service
  • Events
    • All Events
    • BMA Events
  • Join BMA Network
  • Login
  • Dashboard
No Result
View All Result
Join BMA
Login
No Result
View All Result
Home News & Reports

July 21, 2024

South Africa: Telkom Sells Tower Business For US$343 MillionĀ 
News & Reports
July 21, 2024

by
July 21, 2024
in News & Reports, Telecommunication

Telkom, the third largest mobile operator in South Africa, has announced the sale of its tower business, Swiftnet, to Towerco Bidco Proprietary Limited for $343 million.

Swiftnet, which boasts a substantial mast and tower infrastructure with over 4000 installations and provides co-location space to major mobile network providers, has been sought after by Telkom for nearly three years as the company aims to maximize shareholder value.

The decision to divest Swiftnet was first disclosed in September 2021, with Telkom’s CEO, Sipho Maseko, expressing that the unit’s value was not accurately reflected in the company’s shares. Telkom has now confirmed an agreement with Towerco Bidco, a new entity primarily owned by Actis, with 70% ownership, and Royal Bafokeng Holdings holding the remaining 30%.

Telkom emphasized that the sale signifies its commitment to strengthening its financial position, reducing debt, and enhancing liquidity. Serame Taukobong, Telkom Group CEO, stated that this move aligns with the company’s strategy to focus on core business operations and concentrate on infrastructure assets while realizing the value in non-core holdings. He also highlighted the transaction’s positive impact on related businesses, particularly Telkom Consumer and Openserve, ensuring continued access to Swiftnet’s infrastructure.

David Cooke, managing partner at Actis, expressed confidence in the long-term value of the Swiftnet prospect and looks forward to continuing to work with Telkom to provide access services to Telkom Consumer and Openserve.

Although the purchase is still subject to shareholder and regulatory clearances, Telkom is optimistic about the potential benefits for all parties involved. The company believes this strategic move will create long-term value for Telkom and its shareholders, positioning it as a leader in South Africa’s evolving digital landscape.

Tags: SwiftnetTelecommunicationTelkomTowerco Bidco
ShareTweetShare
Previous Post

July 21, 2024

Vodafone Assets Sell-Off Sets Stage For Vodacom’s Potential Acquisition
News & Reports
July 21, 2024

Next Post

July 21, 2024

Tanzania Broadcaster – Azam Media – Rolls Out IP OB Truck Powered By Lawo
Broadcasting
July 21, 2024

Next Post

Canal+ Group Acquires Stake In Senegalese Production Company Marodi TV

Related Industry Resources

  • Securing Content In A Digital World USD 4.95
  • OTT In Africa: The Last Frontier USD 6.95
  • Content Protection: Piracy In The Digital Ecosystem - Learning To Stay A Step Ahead USD 9.95
  • Importance of Regional Services in DTT Broadcasting USD 4.95
  • Archives Access And Exploitation Dealing With Rights And IP Restrictions USD 4.95
Publisher
-
Benjamin Pius

 About us

Our goal is always to keep industry stakeholders abreast of opportunities in technology and service innovations that are and will shape Africa’s broadcasting and media industry via quality news, information, intelligence and insight .

Contact us

+44 (0) 207 712 1526
info@broadcastingandmedia.com
BSP Communications Limited
Level 37, One Canada Square
Canary Wharf
London, E14 5AB, United Kingdom

No Result
View All Result
  • July 21, 2024

    News & Reports
    March 20, 2025
    • July 21, 2024

      Animation Content
      March 20, 2025
    • July 21, 2024

      Broadcasting
      March 20, 2025
    • July 21, 2024

      Broadcasting Right
      March 20, 2025
    • July 21, 2024

      Broadcasting Service
      March 20, 2025
    • July 21, 2024

      Cinema Content
      March 20, 2025
    • July 21, 2024

      Connectivity
      March 20, 2025
    • July 21, 2024

      Content Distribution
      March 20, 2025
    • July 21, 2024

      Content Production
      March 20, 2025
    • July 21, 2024

      Content Regulation
      March 20, 2025
    • July 21, 2024

      Film Festival
      March 20, 2025
    • July 21, 2024

      Film Industry
      March 20, 2025
    • July 21, 2024

      Media Regulation
      March 20, 2025
    • July 21, 2024

      Mergers & Acquisation
      March 20, 2025
    • July 21, 2024

      OTT & Streaming
      March 20, 2025
    • July 21, 2024

      Pay-TV
      March 20, 2025
    • July 21, 2024

      Radio Broadcasting
      March 20, 2025
    • July 21, 2024

      Industry Executives
      March 20, 2025
    • July 21, 2024

      Reports
      March 20, 2025
    • July 21, 2024

      Satellite
      March 20, 2025
  • July 21, 2024

    Industry Resources
    March 20, 2025
    • July 21, 2024

      Audio & Podcasts
      March 20, 2025
    • July 21, 2024

      Reports & Presentations
      March 20, 2025
    • July 21, 2024

      TV and Videos
      March 20, 2025
  • July 21, 2024

    Products & Services
    March 20, 2025
    • July 21, 2024

      Promo: Spotlight Service
      March 20, 2025
  • July 21, 2024

    Events
    March 20, 2025
    • July 21, 2024

      All Events
      March 20, 2025
    • July 21, 2024

      BMA Events
      March 20, 2025
  • July 21, 2024

    Join BMA Network
    March 20, 2025
  • July 21, 2024

    Login
    March 20, 2025
  • July 21, 2024

    Dashboard
    March 20, 2025
  • July 21, 2024

    March 20, 2025

Ā© 2023 Broadcast Media Africa

  • Sign in

Forgot your password?

Email me a Sign in Link

Lost your password? Please enter your email address. You will receive mail with link to set new password.

Back to login