FTI Capital Advisors Facilitates the Closing of Telkom’s Masts and Towers Business Deal

Dubai, 31 March 2025 — FTI Consulting, Inc. (NYSE: FCN) today announced that FTI Capital Advisors (“DIFC”) Limited (“FTICA Dubai”) served as the financial advisor to Telkom SA SOC Limited (“Telkom”), a leading ICT company in South Africa, on the completion of the sale of its masts and towers business, housed in its wholly owned subsidiary, Swiftnet SOC Limited (“Swiftnet”), to an infrastructure fund managed by a subsidiary of Actis LLP, with Royal Bafokeng Holdings Proprietary Limited acting as its Black Economic Empowerment (“BEE”) partner, for R6.75 billion.

Following the successful completion of all suspensive conditions, including obtaining the necessary regulatory approvals by the Independent Communications Authority of South Africa (“ICASA”) and the South African Competition Commission, the closing of this transaction marks a significant milestone in Telkom’s value unlock strategy. As a key player in South Africa’s digital infrastructure sector, Telkom’s divestiture of its masts and towers business aligns with its strategic objective to focus on core infrastructure assets. This transaction further strengthens Telkom’s financial position to drive future growth and enhance its core operations.

Fede Membrillera, Global Co-Leader of FTICA and Global Leader of FTICA’s Telecom, Media & Technology practice, commented, “We are proud to have supported Telkom throughout this transaction, from initiation to a successful closing. The completion of this transaction underscores Telkom management’s ability to execute on their mandate to create long-term value for its shareholders and reinforces its position as a leader in South Africa’s evolving digital infrastructure landscape.”

About FTI Capital Advisors, LLC
FTI Capital Advisors (“FTICA”) is a global boutique investment bank with 13 offices worldwide, focused on M&A, equity and debt raising and independent financial advisory, across targeted industry sectors – including Telecom Media and Technology, as well as in the energy, healthcare, aviation & aerospace and industrial sectors. Backed by the power of FTI Consulting’s worldwide network of professionals, FTICA combines deep industry expertise with investment banking and transaction execution experience to deliver value-enhancing outcomes for our clients. FTI Capital Advisors globally is the wholly owned investment banking subsidiary of FTI Consulting, Inc. (NYSE: FCN).

This deal was performed by FTI Capital Advisors (“DIFC”) Limited (“FTICA Dubai”), an affiliate of FTICA. FTICA Dubai is regulated by the Dubai Financial Services Authority (“DFSA”), the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (“DIFC”), in Dubai, United Arab Emirates. FTICA Dubai is authorized to provide services to Professional Clients only; accordingly, this press release is intended for Professional Clients only, and no other person should act upon it.

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 8,300 employees located in 34 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.69 billion in revenues during fiscal year 2024. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalised and independently managed. For more information, visit www.fticonsulting.com.

FTI Consulting, Inc. 
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Investor Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com

Media Contact:
Helen Obi
+44 20 7632 5071
helen.obi@fticonsulting.com

Source: FTI Consulting, Inc.