Icasa has cleared the sale of Telkom’s masts and towers business, Swiftnet, to a private equity consortium led by Actis.
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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.
Telkom has reached an agreement to sell Swiftnet in a deal that gives the towers unit an enterprise value of R6.75-billion.
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Liquid Telecom South Africa will embark on a retrenchment programme amid a major restructuring of the business, TechCentral can reveal.
Vodacom Group has announced a planned R17.5bn black economic empowerment deal with Royal Bafokeng Holdings, Thebe Investment Corporation and existing BEE shareholder YeboYethu that will take its BEE ownership to about
Liquid Telecom, the fast-growing pan-African telecommunications operator controlled by Zimbabwean billionaire Strive Masiyiwa, will spend billions of rand expanding newly acquired subsidiary Neotel’s data centres, wireless networks and fixed-line