Telkom suspends separate listing of tower business on JSE

Nederland Nieuws Nieuws

Telkom suspends separate listing of tower business on JSE
Nederland Laatste Nieuws,Nederland Headlines

.TelkomZA has suspended the separate listing of its tower business Swiftnet on the JSE.

Telkom has shelved plans of listing of its masts and towers business separately, citing unfavourable market conditions.

“The board remains committed to its value unlock strategy which is premised on Telkom’s market capitalisation not representing its intrinsic value. Against this backdrop, the board continues to consider all strategic options that support its value unlock strategy, which include affirming the valuation of Swiftnet and its contribution to the valuation of Telkom.”

 

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Telkom postpones listing cellular towers business on the JSETelkom postpones listing cellular towers business on the JSETelkom has announced that it will be postponing the separate listing of Swiftnet on the JSE.
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