Interview: Pieter Uys on the big Vumatel deal - TechCentral

Interview: Pieter Uys on the big Vumatel deal

Pieter Uys

Thank you for listening to the TechCentral podcast. In this episode, Duncan McLeod is joined on a call by Pieter Uys, nonexecutive chairman of Community Investment Ventures Holdings (CIVH), which has just acquired a 34.9% stake in fibre-to-the-home operator Vumatel.

CIVH, whose majority shareholder is Remgro, has announced it intends buying 100% of the equity in Vumatel once it has raised sufficient funding.

In the podcast, Uys explains why the transaction is being done in two parts — CIVH has a few months to raise the necessary funding to complete the acquisition — and why he believes Vumatel is an attractive acquisition target.

He explains how Dark Fibre Africa, in which CIVH has a significant shareholding, could work with Vumatel to extend fibre access to more South Africans.

It’s a great interview. Don’t miss it!

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