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flag South Africa's telecom regulator approves sale of Telkom's Swiftnet towers for $460 million.

flag South Africa's telecom regulator has approved the sale of Telkom's Swiftnet towers business to a consortium for R6.75 billion ($460 million). flag This sale, which includes around 4,000 towers and masts, is part of Telkom's strategy to focus on core operations and invest in new technology. flag The transaction will help strengthen Telkom's finances by reducing debt and providing additional capital.

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