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.
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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.
Vox-owned fibre-to-the-home operator Frogfoot has joined rival Vumatel in promising to double line speeds for consumers stuck at home due to the Covid-19 lockdown.
Vumatel said on Friday it will boost line speeds for customers for free until the end of May to help cope with the high demand for work-from-home solutions amid the Covid-19 pandemic.
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.