https://newsletter.en.creamermedia.com
Africa|Business|Infrastructure|Infrastructure
Africa|Business|Infrastructure|Infrastructure
africa|business|infrastructure|infrastructure

Competition Tribunal gives green light for Telkom’s masts, towers business disposal

Telkom's logo on a building wall

Photo by Bloomberg

4th September 2024

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

The Competition Tribunal has approved JSE-listed Telkom’s disposal of its masts and towers business housed in Swiftnet.

This followed shareholder approval in May for the sale to a consortium comprising an infrastructure fund managed by a subsidiary of Actis and an infrastructure vehicle 100% owned by Royal Bafokeng Holdings.

“Shareholders are hereby advised that an important milestone has been achieved, in that following the recommendation from the South African Competition Commission, the Competition Tribunal of South Africa approved the disposal on September 3, subject to certain conditions which have been accepted by the purchaser,” the company said in a statement to shareholders on Wednesday.

Accordingly, the suspensive condition requiring that the disposal be approved by the South African competition authorities has been fully satisfied.

The disposal remains subject to the remaining outstanding suspensive conditions.

Edited by Creamer Media Reporter

Comments

Projects

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Weir
Weir

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 22 November 2024
Magazine round up | 22 November 2024
22nd November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:5.03 5.127s - 200pq - 2rq
Subscribe Now