Articles about Swiftnet

Telkom doubles earnings as mobile subscribers hit 23m

For the year ended 31 March, Telkom’s group EBITDA surged by 25.1% to R11.8 billion, while group revenue rose by 3.3% to R43.9 billion.

Telkom passes another hurdle in R6.75bn Swiftnet deal

The suspensive conditions to proceed to closing of the disposal have been fulfilled, says the company.

Telkom reports ‘record’ growth in mobile subscribers

The number of mobile subscribers increased by 21.6% to 24 million, in the third quarter, including a 17.3% increase in mobile data subscribers, says the telco.

Telkom’s R6.75bn Swiftnet sale gets ICASA green light

The telephony group gets approval from the Independent Communications Authority of South Africa for the disposal of its masts and towers business housed in Swiftnet.

Tribunal okays R6.75bn Telkom deal to offload Swiftnet

The Competition Tribunal approves, with conditions, the deal whereby TowerCo intends to acquire tower and mast business Swiftnet.

CompCom approves R6.75bn Telkom deal to offload Swiftnet

The regulator approves, with conditions, the proposed transaction whereby TowerCo intends to acquire Swiftnet from Telkom.

Telkom shelves plans for separate listing of Openserve

The company suspends the conversations on the listing of its fibre unit, as the market conditions are not conducive to such a transaction, says CEO Serame Taukobong.

Telkom’s mobile subs surpass 20m as revenue grows to R43bn

Total headline earnings per share and basic earnings per share increased by more than 100% to 376 cents and 385.5 cents, respectively, says the firm.

Telkom offloads Swiftnet tower unit in R6.75bn deal

The disposal entails the sale of Swiftnet to Towerco Bidco, a newly-incorporated entity comprising of a consortium of equity investors led by Actis.

Swiftnet negotiations reach advanced stage

Substantial progress has been made in engagements with the consortium of equity investors bidding for Telkom’s masts and towers business.

Telkom reports mobile, FTTH gains in Q3 results

In Q3 2024, the telecoms company’s group revenue was up 2% to R11.3 billion, with EBITDA stable at R2.47 billion.

Disposal of Telkom’s tower unit continues

The telecoms group renews cautionary announcement as negotiations for the sale of its masts and towers business progress.