COMPANY COMMENT
Excitement about MetroFibre Networx indicates appetite for telecoms
AIIM’s capital injection is part of a R1.5bn equity funding round to support MetroFibre’s expansion plan of more than R3bn over three years
17 November 2020 - 18:49
Patrice Motsepe’s MetroFibre Networx, a SA open access fibre network operator, has received more than a R1bn in new investment, pointing to investor appetite for companies in the sector.
At a time when much investment in telecoms in SA has been geared towards expanding 4G and now 5G networks, African Infrastructure Investment Managers (AIIM), an infrastructure-focused private equity fund, has acquired a minority equity stake in MetroFibre for R980m...
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