Infrastructure-focused private equity fund manager AIIM completes follow-on acquisition of MetroFibre. M&A MetroFibre
African Infrastructure Investment Managers , an infrastructure-focused private equity fund manager, has completed a follow-on acquisition of MetroFibre Networx, following approval from the Independent Communications Authority of SA.
The development now brings AIIM’s total investment in MetroFibre to 37%, making it the largest single shareholder in the fibre company.in June last year, but had to wait for regulatory approvals, which have now been granted. “The transaction secures AIIM’s investment vehicle Digital Infrastructure Investment Holdings as the single largest shareholder in MetroFibre at a time when the business is rapidly expanding its fibre footprint,” says AIIM investment director Thor Corry.
“The streamlined shareholder register is united in its support for the MetroFibre management team and provides the access to capital necessary to realise their growth ambitions.”MetroFibre CEO Jan-Jan Bezuidenhout comments: “Over the past year, MetroFibre has accelerated its fibre rollout with over 350 000 homes passed as at 31 April 2022, and we are aiming to pass an additional 500 000 homes by 2025.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sanlam sells Metrofibre stakeSanlam has concluded the disposal of its stake in Metrofibre Networx.
Read more »
Net1 to change name to Lesaka TechnologiesThe dual-listed company notifies authorities and shareholders of the impeding change to its articles of incorporation.
Read more »
This is how the JSE plans to cut red tape for listed companies | Fin24Making capital raising easier and allowing companies to perform more transactions without waiting for shareholders' approval are some of the ways the JSE plans to cut red tape. | Fin24
Read more »
How about we start rebuilding SA dreams that crashed down long ago?This time round we need to make the dream becomes a reality.
Read more »
Anglo American to champion development of SA’s ‘hydrogen valley’'SA is one of only four countries that can generate more renewable energy than what we need. This means we can become an effective exporter of energy which will create a whole new economy.' Moneyweb mining AngloAmerican
Read more »
El Salvador buys the bitcoin dip and snaps up 500 tokens in its largest purchase ever | BusinessinsiderAccording to President Nayib Bukele, the purchase was made at an average price of $30,744 per bitcoin — or about $15.5 million total.
Read more »