JOHANNESBURG (Reuters) – South Africa’s Telkom is postponing the separate listing of its masts and tower business due to recent global events, the country’s third-biggest telecom operator said on Wednesday.
Telkom, which spun off its telecom towers, masts and some related real estate into a separate unit, has been exploring options to unlock value in the tower unit, which is called Swiftnet. It had eyed March for the public listing.
“Given the recent global events, current market conditions and the impact on the capital markets, the board has resolved to postpone the separate listing of Swiftnet on the JSE (Johannesburg Stock Exchange),” Telkom said, without naming the global events.
(Reporting by Nqobile Dludla; Editing by Tom Hogue)
