A wholesale open-access network in Mexico, designed to break the dominance of the incumbent telecommunications operator and once lauded by South Africa’s government, has gone bust.
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Price cuts at Vumatel, to be implemented from next week, are not a risk to parent CIVH’s balance sheet and are only likely to register as “blip” in the company’s long-term growth trajectory, CIVH CEO Raymond Ndlovu said.
CIVH, the Remgro-controlled parent of fibre players Dark Fibre Africa and Vumatel, remains interested in participating in government’s planned wholesale open-access network, according to its CEO.
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.