Friday, 13 February 2015

Telkom considering sale of mobile phone towers in South Africa

Telkom TowerAccording to a report by Bloomberg, South African telecommunications provider Telkom, is looking to cut costs on its mobile service offering by selling off a section of mobile phone towers – in South Africa. Bloomberg cited that individuals with knowledge on the matter made the reveal.

According to Bloomberg’s source, who wished to remain anonymous according to Bloomberg, the sale could fetch as much as $500 million to $1 billion. The source revealed that Telkom is allegedly working with consulting firm Accenture PLC on the sale, which may attract tower operators such as IHS Holding Ltd. of Nigeria and Helios Towers Africa, the people said. No final decision has been made and talks may still falter, they said.

Bloomberg continued the report by stating that carriers in emerging markets including the Middle East and Africa are offloading towers. They cost more to run in such regions than in other parts of the world because of the need for backup generators and batteries to guard against power failures. Read More...

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