Long-serving MetroFibre Networx CEO Steve Booysen will step down from the fibre-to-the-home operator at the end of May.
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The price war between fibre network operators is intensifying, with MetroFibre Networx the latest to offer significantly improved value to home broadband users.
African Rainbow Capital Investments plans to offload its remaining stake in fibre network operator MetroFibre Networks.
Creative new investment solutions are required to fund ICT infrastructure that can accelerate the roll-out of fast, unlimited Internet to poorer households.
Frogfoot Networks, the open-access fibre provider, has acquired the fibre-to-the-home assets of Link Africa Western Cape for an undisclosed sum.
MetroFibre, the fibre telecommunications company that recently concluded a R2.5-billion debt funding round, is buying Link Africa’s fibre-to-the-home network in Gauteng and KwaZulu-Natal.
South African fibre telecommunications infrastructure company MetroFibre Networx has raised R2.5-billion in new debt financing, led by Investec, adding to the R1.5-billion recently raised from shareholders.
Old Mutual’s private equity unit has acquired a stake in a second data centre in sub-Saharan Africa as it expands to take advantage of a shortfall in cloud storage capacity on the continent.
South African fibre broadband provider MetroFibre Networx has raised R1.5-billion in a new funding round led by infrastructure-focused private equity fund manager African Infrastructure Investment Managers.
Fibre infrastructure provider Metrofibre Networx has received an equity investment from Stoa Infra & Energy. Stoa has acquired 23.1% of the South African open-access fibre network operator.