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.
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Former Vodacom Group chief technology officer Andries Delport will replace Thinus Mulder as CEO of Dark Fibre Africa, Remgro-controlled DFA parent CIVH said on Monday.
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.
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CIVH, the Remgro-controlled holding company that owns both Vumatel and Dark Fibre Africa, is talking to both local and international investors to raise R6-billion in new funding.
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.
Podcast | Crime is now easily as bad as it was before South Africa entered the lockdown in late March, according to Vumacam CEO Ricky Croock.
Vox-owned fibre-to-the-home infrastructure provider Frogfoot Networks said on Friday that it will extend free line speed upgrades, introduced during South Africa’s lockdown, indefinitely.
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.