# The Independent Communications Authority of SA has approved Telkom’s 6.75-billion-rand sale of its Swiftnet mast and towers business to private equity firm Actis, with Royal Bafokeng Holdings as a minority partner. News24 reports the deal includes approximately four-thousand towers and masts, marking a strategic shift for Telkom to focus on its core operations and next-generation technology infrastructure. CEO Serame Taukobong said the sale would strengthen Telkom’s balance sheet, reduce debt, and provide additional capital for its data-led strategy under OneTelkom.
ICASA approves Telkom’s R6.75-billion sale of Swiftnet towers