Telkom announced on Tuesday that the disposal of its masts and towers business, Swiftnet, is at an advance stage.
Telkom also announced that Swiftnet continued commercialising its productive portfolio and saw marginal revenue growth of 0.9% to R1 304 million in the year to end-March 2023.
The company said this was driven by construction of 66 additional towers and eight new in-building
coverage solutions (IBS) sites.
“Continued modernisation by mobile network operators (MNOs) on our sites, coupled with new base
station sites and the deployment of 5G by our clients, grew revenue from continuing customers by 10.3%, mitigating the impact of terminations and decommissioning by two customers.,” said Telkom
After launching its first 5G outdoor Distribution Antenna System (oDAS) small cell sites, for future site deployments in support of our customers’ 5G rollout plans, Swiftnet successfully tested the technical capability of our power-as-a-service (PaaS) solution.
“This will help curb the impact of loadshedding in our operations and enable us to offer PaaS solutions as a value-added commercial offering making alternative power available to customers struggling with power outages.,” said Serame Taukobong, Telkom’s CEO.
Swiftnet’s EBITDA margin remains healthy at 68.8%.
