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.
The ZAR 6.75 billion (approximately USD 355 million) tower deal closed on schedule, with Telkom SA finding the ideal long-term infrastructure partner.
The transaction unlocked value for the company and its shareholders amid rising global interest rates impacting infrastructure asset value and local currency depreciation.
By unlocking value from noncore assets to invest in the core business, Telkom SA sanitized its balance sheet and reinstated its dividend policy after a four-year dividend halt.
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.
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