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Telkom SA Rally on News of Tower Listings on the Johannesburg Stock Exchange (JSE)

Telkom, the number three South African telecommunications operator has enjoyed a positive response to news that it plans to spin off its masts and towers business in separate listings on the Johannesburg Stock Exchange (JSE). Towers and masts are infrastructure used by mobile operators to extend telecommunications coverage and high-speed data services such as 4G and 5G to customers. They are costly to run for mobile operators, given the need to provide them with power...

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