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Swiftnet

Region: Africa Investment date: March 2025 Sector: Digital Infrastructure Exit date: Deal type: Status date: Current

An Actis-led consortium of investors acquired 100% of Swiftnet, a leading telecom tower portfolio in South Africa, in March 2025 from Telkom. The Actis-led consortium, which includes international and local investors including the Mineworkers Investment Company (MIC), a 100% black-owned broad-based South African investment holding company, now owns 70% of Swiftnet, partnering with Royal Bafokeng Holdings as the 30% shareholder.

Swiftnet has more than 4,000 telecom tower sites across South Africa and the platform retains strong relationships with Telkom and other current anchor tenants as it aims to become a leading towerco in the country, expanding coverage in rural areas and increasing access to the internet while driving the transitions from 3G and 4G technology to 5G.