RMB advises Royal Bafokeng on the proposed acquisition of Swiftnet
Royal Bafokeng Holdings (RBH) has entered into a transaction agreement alongside Actis to jointly acquire 100% of independent owners, operators and developers of mast and tower infrastructure Swiftnet from Telkom South Africa, with RMB acting as financial adviser to RBH on the transaction.
With an enterprise value of R6.75-billion, it is one of the largest tower transactions in South Africa to date by deal value.
“The transaction marks a major milestone for RBH, as our first investment in towers. Digital connectivity plays an important role in driving growth for South Africa and has a strong, positive impact on society. The investment by RBH will help drive mobile connectivity across South Africa,” said RBH CEO Albertinah Kekana.
“We are pleased to have been able to advise RBH with a maiden transaction in the towers space. RMB has deep sector expertise both within the technology, media and telecommunications (TMT) and African towers space, so we were able to bring that to bear in our advisory approach,” added RMB TMT cohead Arun Varughese, noting that the transaction would help RBH further its goals of investing in attractive digital infrastructure in Africa and expanding its infrastructure portfolio on the continent.
The transaction represents a mutually beneficial arrangement that enables Telkom to de-gear its balance sheet and help unlock value for shareholders, while at the same time supporting the Royal Bafokeng Nation, through RBH, in its strategic focus on investing in infrastructure development that will create sustainable growth and prosperity.
The deal will guarantee access and ensure seamless continuity for Telkom and other mobile operators that rely on the tower infrastructure.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
