Two of South Africa’s biggest fibre providers, Vumatel and Dark Fibre Africa, are being folded into a new infrastructure holding company to be led by Vuma CEO Dietlof Mare.
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The industry body has lodged an objection with the Competition Commission over Vodacom’s plan to buy a significant minority stake in CIVH.
CIVH, the Remgro-controlled parent company of Dark Fibre Africa and Vumatel, has reported a sharp reduction in losses in its most recent reporting period.
Seacom’s contribution to Remgro’s headline earnings fell by 77% in the year ended December 2021, driven lower by increased operational costs and forex losses.
The cabinet has decided to scrap government plans to license a wholesale open-access network in South Africa.
Remgro-controlled fibre telecommunications company Dark Fibre Africa has appointed Heydon Hall as chief information officer.
New Telkom CEO Serame Taukobong has a challenge on his hands: the mobile growth story that underpinned the business in recent years appears to be ending.
Global media player Aleph Group has acquired Ad Dynamo, a Cape Town-based digital media sales business backed by Remgro’s Invenfin.
Dark Fibre Africa has informed staff that it will embark on a significant restructuring and cost-cutting process that will include retrenchments.
Vodacom Group will acquire a co-controlling interest, along with Remgro and New GX Capital, in a new entity made up of assets including Vumatel and Dark Fibre Africa.