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Wireless

Telkom South Africa plans separate listing of tower and mast business

Tuesday 21 September 2021 | 15:57 CET | News
Telkom South Africa said it's pursuing a separate listing of its masts and towers business, Swiftnet, on the Johannesburg Stock Exchange. In a statement, the company advised its shareholders that a separate listing for Swiftnet will affirm the valuation of the infrastructure and its contribution to the overall value of the Telkom business, thereby unlocking further value for the group. Swiftnet is a Telkom subsidiary under management by Gyro.

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Categories: Mobile & Wireless
Companies: Swiftnet / Telkom
Countries: South Africa
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