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

South Africa's telecom regulator has approved the sale of Telkom's Swiftnet towers business to a consortium for R6.75 billion ($460 million). 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. The transaction will help strengthen Telkom's finances by reducing debt and providing additional capital.

4 months ago
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