In brief

7 April 2017

Mergers, Acquisitions and Financial Results

Telkom South Africa is considering plans to spin off its telecom tower and real estate assets into a separate company, which could then be listed on the stock market, local news outlet Tech Central writes, citing two people familiar with the matter. The new firm would be run by a property-focused management team tasked with generating additional revenue for the partly state-owned operator. The move forms part of CEO Sipho Maseko’s turnaround strategy, with the official hoping to capitalise on the company’s substantial real estate portfolio.

Source: Techcentral