Remgro-led CIVH in R16bn deal to expand high-speed broadband
CIVH has acquired Dark Fibre Africa and Vumatel and has connected 650,000 homes to date, with plans for a further 850,000 in the next five years
20 December 2019 - 16:57
An SA telecoms company backed by investment firm Remgro plans to expand its high-speed broadband network after completing a R16bn ($1bn) debt restructuring this week.
The building of fibre optic networks in upmarket neighbourhoods has intensified in the past five years, but has been confined to cities due to the high cost of laying down the infrastructure and the dominance of mobile internet...
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