Deal Done

Unlocking Value for Shareholders Through the Sale of Telkom SA’s Tower Subsidiary Swiftnet

What does it take to close South Africa’s largest tower deal?

Telkom SA, a South African telecom giant, engaged FTI Capital Advisors to advise on the ZAR 6.75 billion sale of Swiftnet, its tower subsidiary, to a consortium led by Actis.

With more than 4,000 sites, the sale represented one of the largest digital infrastructure deals ever executed in the country. Additionally, Telkom SA’s listed status meant the transaction was subject to strict regulation and governance requirements, and complex carve-out, macroeconomic and national energy infrastructure headwinds threatened to compromise the deal. Our experts served as the exclusive financial advisor to help navigate regulatory complexity, operational carve-out challenges and sensitive stakeholder dynamics.

Das Ergebnis

The ZAR 6.75 billion (approximately USD 355 million) tower deal closed on schedule, with Telkom SA finding the ideal long-term infrastructure partner.


A cityscape featuring numerous mid-rise buildings with a prominent tall telecommunications tower in the center under a clear sky at dusk.
A cityscape featuring numerous mid-rise buildings with a prominent tall telecommunications tower in the center under a clear sky at dusk.

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Unser Beitrag

Navigating regulatory complexity, operational carve-out challenges and sensitive stakeholder dynamics

FTI Capital Advisors provided end-to-end international M&A, telecom and regional market expertise to ensure the transaction closed on schedule.

  • Our experts oversaw the complex separation of Swiftnet to achieve a standalone business, requiring extensive data cleaning, verification and contractual and operational structuring.

  • We assisted Telkom SA’s management with shaping and managing communications across the sensitive, multistakeholder transaction, ensuring strict confidentiality and governance compliance.

  • Leveraging international deal credibility and local regulatory knowledge, FTI Capital Advisors generated strong investor interest and aligned the investor consortium’s and Telkom SA’s long-term objectives.

  • Our experts designed and executed a competitive process, including strategic and financial investors, aimed at maximizing value for Telkom SA while finding the ideal long-term infrastructure partner.


Wenn alles auf dem Spiel steht.

FTI Consulting ist die weltweit führende Beratung für Unternehmen in Krisen und Transformationen. Unsere Teams werden von erfahrenen Expertinnen und Experten geleitet. Ihre Stärke ist schnelles Handeln in dynamischen und komplexen Situationen – wenn es darauf ankommt, machen sie den Unterschied.

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