Khudusela Pitje, a big investor in Vumatel and DFA, says regulators have hurt investor confidence in the telecoms sector.
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CIVH, the Remgro-controlled parent of fibre network operator Maziv, has swung into a big interim loss.
Remgro has placed an equity valuation of R32.4-billion on Maziv, the fibre operator that owns Vumatel and Dark Fibre Africa.
DFA has spent more than R800-million upgrading and “futureproofing” its national fibre network.
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Remgro-controlled CIVH, which ultimately owns Vumatel and Dark Fibre Africa, through Maziv, has swung to a loss.
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.