Telkom has reached an agreement to sell Swiftnet in a deal that gives the towers unit an enterprise value of R6.75-billion.
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Private equity firm Actis is in talks to buy Swiftnet, the mast and tower business owned by Telkom, sources said.
User reliance on legacy 2G and 3G networks is constraining the ability of network operators to migrate to newer technologies.
Disruption to internet services for millions of users in Africa could take weeks or even months to fix.
Promoted | Telkom Business has launched a ground-breaking podcast series, Blaze, aimed at South African entrepreneurs.
The popularity of airtime advances is growing as consumers come under mounting financial pressure.
Gauteng premier Panyaza Lesufi has promised a “smart province”, efficient service delivery and an end to e-tolls.
Telkom has reported a 2% year-on-year improvement in revenue in the third quarter of its financial year.
Cell C CEO Jorge Mendes has said that not only has the business been saved, but that its best days are yet to come.
Telkom said close collaboration with the police, aimed at nailing cable thieves, is achieving solid results.