The Competition Tribunal has accepted a recommendation that Telkom be allowed to sell its towers business.
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The Competition Commission has recommended the approval for the sale of Telkom’s masts and towers business.
Telkom shareholders, including the government, have voted in favour of selling the company’s masts and towers business.
Telkom shareholders will soon vote on a plan to sell the group’s towers and masts to a consortium led by private equity firm Actis.
A consortium has signed a deal to acquire Western Cape fibre network operator Octotel from Actis.
Telkom has reached an agreement to sell Swiftnet in a deal that gives the towers unit an enterprise value of R6.75-billion.
Private equity firm Actis is in talks to buy Swiftnet, the mast and tower business owned by Telkom, sources said.
Emerging markets investment firm Actis has agreed to buy a controlling stake in Cape Town-based fibre broadband network operator Octotel.
London-based private equity firm Actis is looking at African energy projects to add to the US$1-billion it has already invested in the sector on the continent.
Net1, the company that used to manage the payment of social grants in South Africa, has appointed former Telkom and Eskom chairman Jabu Mabuza as chairman-designate of its board.