Telkom happy with R7bn for Swiftnet
Market sentiment deteriorates after group values the masts and towers business at R13bn
22 March 2024 - 08:14
Telkom boss Serame Taukobong says the telecom group got a good deal for its masts and towers business, despite the final price being almost half of what it expected when the transaction was first slated in 2021.
On Friday, the Telkom announced it had sold its towers business, Swiftnet, for almost R7bn, with some of the windfall likely to go towards paying debt...
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