TOWER TALKS: Telecommunications group Telkom is exploring possible deals for its portfolio of about 6 500 towers as it moves to strengthen its balance sheet and preserve cash to weather a deep recession brought about by the Covid-19 pandemic. Demand for towers could rise as South Africa starts to roll out a 5G network. Pictured here is the iconic Telkom Tower, in Hillbrow, Johannesburg, which was developed during a very different era and when Telkom’s predecessor, the Department of Post and Telecommunications, was the only game in town.
Photo by: Bloomberg
Telecommunications group Telkom is exploring possible deals for its portfolio of about 6 500 towers as it moves to strengthen its balance sheet and preserve cash to weather a deep recession brought about by the Covid-19 pandemic. Demand for towers could rise as South Africa starts to roll out a 5G network. Pictured here is the iconic Telkom Tower, in Hillbrow, Johannesburg, which was developed during a very different era and when Telkom’s predecessor, the Department of Post and Telecommunications, was the only game in town.