Telkom SA SOC Ltd Disposal of swiftnet Transcript
Good day, ladies and gentlemen, and welcome to the Telkom Conference Call on the Disposal of Swiftnet. (Operator Instructions) Please note, this call is being recorded.
I will now handover to the group CEO, Serame Taukobong. Please go ahead.
Good day, everyone. On the call with me is our Group CFO, Nonkululeko Dlamini; the Investor Relations team and our M&A team. We are hosting this call to discuss the SENS that was released on the disposal of Masts & Towers business housed in Swiftnet and the withdrawal of the cautionary. I will summarize the details of the announcements, and then we'll move to the Q&A to answer any questions if you have.
Swiftnet disposal and withdrawal of the cautionary. We have entered into a sale agreement with an entity incorporated for the purposes of the acquisition by a consortium comprising of an infrastructure fund managed by a subsidiary of Actis LLP and a vehicle owned by Royal Bafokeng Holdings Limited as its BEE partner for the 100%
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