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.
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.
Vox Telecom is acquiring Internet services company Frogfoot Networks as part of its plan to build its own fibre-optic network to serve business clients in South Africa. “The acquisition will see Vox Telecom fast-tracking its own fibre strategy by leveraging the
Vox Telecom, whose main shareholders last month decided against selling the company after considering offers from interested parties, now plans to build its own national fibre-optic broadband backbone
Vox Orion CEO Jacques du Toit will take the reins at Vox Telecom with immediate effect after a decision by co-CEOs Doug Reed and Angus MacRobert to step down. MacRobert, who is a former CEO of Dimension Data division Internet Solutions, will leave Vox Telecom, which was