Regulatory roadblocks preventing Vodacom from buying into Maziv have led to a decline in fibre investment, Remgro’s CEO said.
Browsing: CIVH
Remgro-controlled CIVH, which ultimately owns Vumatel and Dark Fibre Africa, through Maziv, has swung to a loss.
Blocking Vodacom’s acquisition of a stake in Maziv would be hugely negative for the telecoms sector, experts have warned.
Competition Tribunal hearings into the proposed merger between Vodacom and Maziv kicked off in Pretoria on Monday.
CIVH, the parent of Vumatel and Dark Fibre Africa, has reported a 97% plunge in headline earnings.
Among other transactions, Remgro is fighting to get approval for a multibillion-rand fibre deal with Vodacom.
Frogfoot, Vox ordered to hand over documents related to a probe into the fibre transaction involving Vumatel parent Maziv.
CIVH, the company whose investments include Vumatel and DFA, has reported a big jump in headline earnings.
Vumatel is making significant progress with its fibre broadband trial in Alexandra in Johannesburg ahead of a wider roll-out.
Sigfox South Africa is now on a sustainable growth trajectory, its chief commercial officer has told the TechCentral Show.