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.
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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.
Johann Rupert, the billionaire who controls luxury goods giant Richemont, is considering selling stakes in two South African fibre networks valued at as much as R22-billion, people with knowledge of the matter said.
The Competition Tribunal has approved the acquisition by Remgro’s Community Investment Ventures Holdings of Vumatel, but has attached long-term conditions to the sale.
Dark Fibre Africa sees fifth-generation wireless broadband networks as a big growth opportunity as the infrastructure needed to power these networks will require extensive backhaul to a much denser network of base
Thank you for listening to the TechCentral podcast. In this episode, Duncan McLeod is joined on a call by Pieter Uys, nonexecutive chairman of Community Investment Ventures Holdings, which has just
Speculation is growing that Vodacom is poised to buy 49% of fibre-to-the-home provider Vumatel. Industry talk is that Dark Fibre Africa, in a deal possibly facilitated through its largest shareholder, Remgro