Vodacom Group on Monday declared a full-year dividend of R4.30/share after reporting a solid performance from South Africa, its biggest market.
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.
The price war between fibre network operators is intensifying, with MetroFibre Networx the latest to offer significantly improved value to home broadband users.
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.
Vumatel has acquired a 45% non-controlling stake in fixed-wireless and fibre Internet service provider Herotel.
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.
Dark Fibre Africa has informed staff that it will embark on a significant restructuring and cost-cutting process that will include retrenchments.
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Vodacom Group may consider a separate listing of its financial services business in South Africa to unlock value.
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.