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Browsing: Vumatel
CIVH, the Remgro-controlled parent of fibre network operator Maziv, has swung into a big interim loss.
Remgro has placed an equity valuation of R32.4-billion on Maziv, the fibre operator that owns Vumatel and Dark Fibre Africa.
The competition appeal court has set aside three days to hear arguments in the ongoing Vodacom-Maziv merger saga.
The Competition Tribunal has been criticised over lengthy delays in concluding investigations of key deals in the ICT sector.
A ransomware group called RansomHouse appears to have been responsible for an attack on Cell C that compromised the data of some of its clients.
Fibre operator Maziv has hired Phila Dube, the outgoing chief commercial officer at Openserve, into a similar role.
A group of investors led by Harith General Partners has agreed to buy out a fund that owns a stake in Vumatel parent CIVH.
Shameel Joosub has described the decision to block Vodacom’s acquisition of Maziv as a “travesty” for South Africa.
The Competition Tribunal’s decision to block a merger between Vodacom and Maziv will likely derail the sector’s M&A plans.