Telkom has guided to a 45-55% earnings jump when it reports this week, but base effects complicate the picture.
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Telkom credits cost cuts, lower finance charges and data strategy – but prior-year one-offs flatter the comparison.
Icasa has cleared the sale of Telkom’s masts and towers business, Swiftnet, to a private equity consortium led by Actis.
The Competition Tribunal has accepted a recommendation that Telkom be allowed to sell its towers business.
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.