Vox has secured new debt facilities, lead-arranged by Investec and also involving Standard Bank and Rand Merchant Bank, to allow it to ramp up its deployment of fibre broadband infrastructure.
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Vox has more than doubled its planned roll-out of fibre broadband infrastructure and is now aiming for as many as 400 000 homes passed in the coming years, up from the 140 000 previously targeted.
Shareholders in telecommunications company Vox, including Rand Merchant Bank, have agreed to buy out fellow investor Investec as part of a R2-billion recapitalisation of the company.