EXPANSION
Acquisitive Vox keen to consolidate fibre sector, says CEO
More consolidation in SA’s fibre industry is likely as many players have not been able to build sufficient size, says Vox Telecom CEO Jacques du Toit. Vox, which itself is said to be up for sale, will consider mergers and acquisitions as part of its growth plans. "I think we’re perfectly positioned [to consolidate the market]. We’ve been disruptive in the services space and in infrastructure and we’ve proven that we can diversify … there are now 28 product sets in our portfolio," Du Toit told Business Day. "We’ve also done more than 40 acquisitions in recent years so we understand what it takes to identify the right businesses and integrate it. There are definitely companies out there that don’t have scale and the market’s going to get tougher." Citing people familiar with the matter, Bloomberg said earlier in June Vox’s shareholders were looking to sell the group to new owners for about R3bn to take advantage of the wave of consolidation. Owners including Rand Merchant Bank and len...
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