The Competition Tribunal has accepted a recommendation that Telkom be allowed to sell its towers business.
Browsing: Royal Bafokeng Holdings
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.
South Africa will soon have a new free-to-air terrestrial television service offering five free channels to viewers, including a dedicated 24-hour sports channel.
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
Liquid Telecom, a unit of Econet Wireless Global, is considering a sale of shares on a stock market after completing the R6,5bn purchase of Neotel to create the largest broadband network in Africa. “A possible listing would be very likely,” CEO Nic Rudnick