Swiftnet is a strategic acquisition for Actis, which will see it acquire over 4,000 sites across the country.
Actis says the deal allows it to “invest in a growing sector, with strong secular tailwinds and an increasing need for tower densification driven by increasing internet penetration and the transitions from 3G and 4G to 5G.
Actis has ambitions to create a leading independent Towerco and deepen its relationship with South Africa’s mobile operators.
David Cooke, partner at Actis said: “The acquisition of Swiftnet is Actis’ latest exciting investment in the digital infrastructure sector in South Africa. Our strategy is to position Swiftnet as the leading independent towerco in this market.
“Providing the infrastructure to deliver universal telecommunications access across the country, including the roll-out of 5G connectivity, presents great growth prospects. Our deep…
