Telkom dividend drought ends
Telkom declared its first dividend in four years after reporting an impressive set of results for its 2024/2025 financial year, including a profit increase of 299% from about R1.9 billion to R7.5 billion.
A substantial part of the increase can be attributed to the...
Telkom's tower sale gets Icasa approval
Telkom has cleared the last major regulatory hurdle in disposing of its masts and towers business, housed in its Swiftnet subsidiary.
The telecoms company announced it had obtained approval from the Independent Communications Authority of South Africa...
Buyer for Telkom's towers revealed
Private equity firm Actis LLP is in talks to buy Swiftnet, the mast and tower business owned by South Africa’s Telkom SA SOC Ltd., according to people familiar with the matter.
The deal would also include a smaller, local partner, according to the people who...
Actis to buy a controlling stake in Octotel at an enterprise value of R2.3 billion
Actis has entered into an agreement to acquire a controlling interest in fibre-to-the-home operator Octotel at an enterprise value of R2.3 billion.
At the same time, Actis signed an agreement to acquire a...