Deals
South Africa’s Telkom in Exclusive Talks to Sell Towers to PE Firm
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Telkom SA SOC Ltd. is in advanced talks to sell its tower assets to a private equity firm.
“Shareholders are hereby advised that Telkom is currently in exclusive negotiations with a preferred bidder in respect of the potential disposal of Swiftnet,” the Johannesburg-based company said in a statement on Tuesday. “The preferred bidder is a consortium of equity investors, including a black economic empowerment partner, led and managed by a reputable private equity firm.”