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.
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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.
Fibre infrastructure provider Metrofibre Networx is getting into the Internet service provision game.
The number of Telkom digital subscriber line subscribers has declined for the first time ever. Between 1 April 2016 and 30 September 2016, the operator lost 19 714 DSL customers. This went largely unnoticed by the market as Telkom changed
Billionaire Patrice Motsepe, along with two former Sanlam veterans, have officially launched a new money management firm called African Rainbow Capital. Motsepe, who is chairman
Fibre broadband infrastructure provider Metrofibre Networx has reached an agreement with Link Africa that will see it replace all of the links for its core network with its own fibre over the next two years. Until now, the company has leased the fibre links for its core
Metrofibre Networx, the fibre broadband company led by former Absa CEO Steve Booysen, has secured a new shareholder in the form of African Rainbow Capital (ARC), whose directors include billionaire Patrice Motsepe and former Sanlam CEO Johan van Zyl
Metrofibre Networks has been awarded a contract to deliver fibre-to-the-home broadband to one of Johannesburg’s largest security estates. The company will deploy FTTH to 1 100 homes in Kyalami Estates, north of the city