Telkom SA SOC Ltd Disposal of swiftnet Transcript

Mar 22, 2024 / 09:00AM GMT
Operator

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.

Serame Taukobong - Telkom SA - Group CEO & Executive Director

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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