The Competition Commission has recommended the approval for the sale of Telkom’s masts and towers business.
Browsing: Swiftnet
Telkom shareholders, including the government, have voted in favour of selling the company’s masts and towers business.
A consortium has signed a deal to acquire Western Cape fibre network operator Octotel from Actis.
Telkom on Monday renewed a “cautionary notice” to investors, saying it remains in exclusive talks with a preferred bidder.
Telkom is engaged in “exclusive negotiations” with a preferred bidder regarding the sale of Swiftnet.
While Telkom’s mobile business has made good strides in recent years, its IT business, BCX, has been struggling.
Telkom is just weeks away from announcing the sale of its masts and towers business.
Telkom has decided to hit pause on dividend pay-outs for longer than expected as it battles tough market conditions.
But the former telecommunications monopoly faces huge challenges if it hopes to remain a significant market player.
The telecommunications operator has reported a poor set of interim results for the six months to end-September 2022.