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More Africa NewsTelkom South Africa aims to attract investors for Gyro, Openserve and data centres

November 17, 2020by myles0

Telkom South Africa says it is planning to unlock shareholder value by bringing in new shareholders for its Gyro mast and tower business, Openserve, and its data centre business, MyBroadband reported. Telkom CEO Sipho Maseko said the operator has completed a “market sounding process” with potential investors for Gyro, asking how they would like to see a deal work where they are preferred partners of the mast and tower portfolio. The process also helped Telkom to establish who it wants to partner with.

Maseko said this is a strategic journey for Telkom to unlock value for shareholders. The company is planning to create a new vendor-neutral data centre business, similar to Teraco and Africa Data Centres. Teraco has shown the potential of this market and has recently begun construction on a new hyperscale data centre with 38 MW of critical power load in Ekurhuleni, South Africa. Africa Data Centres, in turn, has recently acquired Standard Bank’s tier four data centre in Samrand, north of Johannesburg.

Source: Telecompaper.com

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