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.
Browsing: Vumatel
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.
Stanlib Asset Management has invested R2.4-billion in the Khudu Pitje family-controlled company to accelerate the roll-out of broadband across the country.
Telkom has launched prepaid fibre, saying consumers who previously couldn’t apply for a broadband fibre line for credit-vetting reasons can now do so.
Richard Came, one of the founding investors in Vumatel and Dark Fibre Africa, has sold his remaining stake in CIVH,…