Standard Bank to fund MetroFibre’s R5bn expansion
The company plans to ramp up connections to more homes, with fresh focus on rural areas
26 July 2022 - 19:56
UPDATED 27 July 2022 - 09:56
Standard Bank will provide the financing for MetroFibre Networx’s R5bn expansion of its fibreoptic data network across SA, the bank said on Tuesday. The move shows growing interest by financiers in exploiting the rising demand for fibre.
MetroFibre, an open-access fibre network operator, says it will use the funds to push the growth of its rollout as it connects more homes and businesses. ..
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