News Formal

Telkom postpones listing cellular towers business on the JSE

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 67%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

STOCK TRADING: Opening bell sounds for 2022 JSE Investment ChallengeRegistrations are open and the 2022 JSE Investment Challenge for high schools and tertiary students officially gets under way on 7 March.
Source: dailymaverick - 🏆 3. / 84 Read more »