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

Icasa gives Telkom permission to dispose of towers, masts business

The Telkom logo

Photo by Bloomberg

17th December 2024

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

Industry regulator the Independent Communications Authority of South Africa (Icasa) has approved mobile network operator Telkom's R6.75-billion disposal of its Swiftnet business, which houses its masts and towers business.

The decision obtained from Icasa on December 13 results in a change of control of Swiftnet’s licences and fulfils one of the suspensive conditions for the disposal.

Telkom emphasised that the implementation of the disposal remains subject to the fulfilment or waiver of several suspensive conditions.

The consortium acquiring the Swiftnet business is an infrastructure fund managed by a subsidiary of infrastructure investment company Actis and an infrastructure vehicle 100%-owned by wealth fund Royal Bafokeng Holdings.

Telkom has already met two other suspensive conditions, namely shareholder approval at the general meeting on May 24 and the approval of the competition authorities.

The disposal remains subject to the fulfilment or, to the extent permissible, waiver of the remaining outstanding suspensive conditions, it added.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Showroom

Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 
Craig Miller Technical Services (CMTS)
Craig Miller Technical Services (CMTS)

CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 05 December 2025
Magazine round up | 05 December 2025
5th December 2025
A Square Forklift celebrates new partnership and facility
A Square Forklift celebrates new partnership and facility
3rd December 2025

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:0.206 0.296s - 196pq - 2rq
Subscribe Now