Vodacom Group on Monday declared a full-year dividend of R4.30/share after reporting a solid performance from South Africa, its biggest market.
Browsing: Dark Fibre Africa
Two of South Africa’s biggest fibre providers, Vumatel and Dark Fibre Africa, are being folded into a new infrastructure holding company to be led by Vuma CEO Dietlof Mare.
CIVH, the Remgro-controlled parent company of Dark Fibre Africa and Vumatel, has reported a sharp reduction in losses in its most recent reporting period.
Remgro-controlled fibre telecommunications company Dark Fibre Africa has appointed Heydon Hall as chief information officer.
Dark Fibre Africa has informed staff that it will embark on a significant restructuring and cost-cutting process that will include retrenchments.
Vodacom Group may consider a separate listing of its financial services business in South Africa to unlock value.
Vodacom Group will acquire a co-controlling interest, along with Remgro and New GX Capital, in a new entity made up of assets including Vumatel and Dark Fibre Africa.
Stanlib Asset Management has invested R2.4-billion in the Khudu Pitje family-controlled company to accelerate the roll-out of broadband across the country.
Richard Came, one of the founding investors in Vumatel and Dark Fibre Africa, has sold his remaining stake in CIVH,…
Remgro-controlled CIVH reduced its losses in the year ended 30 June 2021, with its contribution to headline earnings of a loss of R435-million, from R649-million a year ago.