Exclusive | SqwidNet, the Internet of things network operator in the CIVH stable, is at risk of being shut down as it embarks on a major restructuring to slash operating costs.
Remgro has increased its stake in CIVH, the parent of Vumatel and Dark Fibre Africa, following a rights issue used by CIVH to raise capital for expansion and reduce debt.
South African home broadband users will soon be able to get 10Gbit/s fibre thanks to a new offering from Vumatel, which will be commercially available after a short trial period.
ICT industry veteran Oliver Fortuin will take over from Byron Clatterbuck as CEO of Seacom with effect from January 2021.
Remgro, the largest shareholder in CIVH – the parent company of Vumatel and Dark Fibre Africa – has attached a R19.3-billion valuation to the telecoms infrastructure holding company.
Vodacom has appointed Dejan Kastelic to replace the long-serving Andries Delport as its group chief technology officer. Kastelic will start on 1 May, subject to receiving a work permit.
Fibre network operators Vumatel and SA Digital Villages will in future operate as a single entity following the transfer of the SADV wholesale fibre assets to Vumatel.
The contribution to Remgro’s headline earnings from CIVH – the parent company of Vumatel and Dark Fibre Africa – amounted to a loss of R197-million in the six months ended 31 December 2019.
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.