South Africa’s mobile operators, including Vodacom, MTN and Rain, are set to face a big challenge to their business models from an unexpected quarter: fixed-line broadband. By Duncan McLeod.
Browsing: Pieter Uys
CIVH, the Remgro-controlled company that owns Dark Fibre Africa and Vumatel, is now worth more than Telkom, the company that once enjoyed an absolute monopoly over telecommunications in South Africa.
Remgro said on Monday that it is participating in a the second tranche of a rights offer by CIVH, the parent of fibre telecommunications companies Vumatel and Dark Fibre Africa, aimed at reducing debt.
ICT industry veteran Oliver Fortuin will take over from Byron Clatterbuck as CEO of Seacom with effect from January 2021.
CIVH, the Remgro-controlled holding company that owns both Vumatel and Dark Fibre Africa, is talking to both local and international investors to raise R6-billion in new funding.
Remgro’s CIVH has made it crystal clear that it wants to be a major player in South Africa’s planned wholesale open-access network and has lobbied communications regulator Icasa to provide strong support to the new entity.
Remgro-controlled telecommunications group Community Investment Ventures Holdings, the parent of Dark Fibre Africa and Vumatel, has appointed Raymond Ndlovu as CEO.
Remgro-controlled CIVH is quietly becoming a serious player in South Africa’s telecoms landscape – one that has the potential, if it executes well on its plans, to become a major contender in a rapidly shifting sector.
Outgoing Vodacom Group chief technology officer Andries Delport will join CIVH as CTO where he will drive the strategy around the Remgro-controlled group’s big expansion plans in the telecommunications sector.
Vodacom Group’s long-serving chief technology officer, Andries Delport, has resigned after 23 years with the telecommunications operator.