Telkom to Sell Tower and Mast Assets for $356 Million, Focusing on Infrastructure-Led Strategy

Telkom to Sell Tower and Mast Assets for $356 Million, Focusing on Infrastructure-Led Strategy

#business
#telecom
#infrastructure
Discover how Telkom, South Africa's third-largest mobile network operator, is set to strengthen its core operations by selling off tower and mast assets worth $356 million, paving the way for an infrastructure-led business model aimed at shaping the country's digital future.

Telkom, the third-largest mobile network operator in South Africa, is selling its tower and mast assets under subsidiary Swiftnet for R6.75 billion (~$356 million) to TowerBidco, aligning with its strategy to focus on core operations and unlock value from non-core assets.


This move follows Telkom's pivot into an infrastructure-led business model, aiming to invest in and maintain crucial infrastructure assets such as fibre networks and data centers, setting the stage for South Africa's digital evolution by 2025.


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