IHS weighing bid for South Africa Telkom tower unit, Bloomberg says
The Fly

IHS weighing bid for South Africa Telkom tower unit, Bloomberg says

IHS Holding Ltd. is weighing a bid for South Africa Telkom’s tower unit, Loni Prinsloo of Bloomberg reports, citing people familiar with the matter. Deliberations are focused on the structure of the potential deal, although Telkom remains open to offers from other companies, sources told Bloomberg. The Swiftnet business is worth about $472M based on future expected cash flows, according to a research note from Nedbank, reports Prinsloo. See the top stocks recommended by analysts >>

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