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Telkom postpones listing cellular towers business on the JSE

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Telkom has announced that it will be postponing the separate listing of Swiftnet on the JSE.

Telkom informed shareholders on Wednesday that it has postponed the separate listing of its masts and towers business, which was scheduled to happen before 31 March 2022.

“The board remains committed to its value unlock strategy, which is premised on Telkom’s market capitalisation not representing its intrinsic value,” it continued. With 6,225 masts and towers, Telkom said it is South Africa’s largest independently run tower portfolio.that Telkom’s separate listing of Swiftnet may not have the intended effect.

 

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