Vodacom Group will spin off its South African tower portfolio into a separate business and may seek partners for the newly created entity.
Telkom burned through close to R1-billion cash in the most recent six months.
As Telkom makes plans to list its masts and towers business, Swiftnet, next year, the unit is actively preparing for the mass deployment of 5G in South Africa.
Telkom’s sprawling wholesale division, Openserve, is likely to be the next unit of the telecommunications group to be listed on the JSE.
In an effort to unlock shareholder value trapped in its corporate structure, Telkom has announced it will seek a JSE listing for its masts and towers business.