Tiso takes 25.1% of ACTowers

January 22, 2009

[ Johannesburg, 22 January 2009 ] - African Cellular Towers, manufacturer of mobile phone tower parts, has sold 25.1% of its business to investment company the Tiso Group, as part of a BEE deal.

Tiso will buy out 92.7 million shares for between R116 million and R138 million in cash, depending on African Cellular Towers' performance when it reports its financial year-end in February and again in the next financial year.

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