Swiftnet
March 2025 · Afrique du SudCo-investor alongside Actis
Activity : Telecoms and data centres
Announced March 2024, completed March 2025 — 12 months from announcement to closing
Instrument : Acquisition of 100% (Actis 70%) — enterprise value ZAR 6.75bn, ≈ USD 355m at announcement, ≈ USD 370m at completion
South Africa's leading telecom tower portfolio: over 4,000 sites, 100% sold by Telkom, with long-term contracted revenue from Telkom and other anchor tenants.
Why they invested
- Create a leading independent tower platform in South Africa
- Tower densification, rural coverage and the 3G/4G-to-5G transition
- Long-term contracted revenue from anchor tenants
- Actis' ninth digital infrastructure investment (over USD 1.5bn committed to the sector)
Co-investors Mineworkers Investment Company
Source : act.is