Remgro-controlled CIVH, which ultimately owns Vumatel and Dark Fibre Africa, through Maziv, has swung to a loss.
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Competition Tribunal hearings into the proposed merger between Vodacom and Maziv kicked off in Pretoria on Monday.
This Monday sees the start of competition hearings into Vodacom’s planned acquisition of a 30-40% stake in Maziv.
CIVH, the parent of Vumatel and Dark Fibre Africa, has reported a 97% plunge in headline earnings.
Maziv-owned backbone broadband operator Dark Fibre Africa is moving to resolve network stability issues.
CIVH, the company whose investments include Vumatel and DFA, has reported a big jump in headline earnings.
South Africa’s biggest fibre telecommunications operator, Vumatel, now passes more than two million homes.
Sigfox South Africa is now on a sustainable growth trajectory, its chief commercial officer has told the TechCentral Show.
The Competition Commission’s decision to seek to block the Maziv deal is “not the end of the process”, Vodacom said.
CIVH, the Remgro-controlled parent of fibre infrastructure providers Vumatel and Dark Fibre Africa, has swung into profit.