Remgro’s telecom infrastructure unit says Vumatel has connected more than 2-million homes to the internet
Community Investment Ventures Holdings has shaken off previous years’ losses with interim earnings soaring tenfold as it continues to dominate SA’s fibre-to-the-home market.
Vumatel’s revenue increased 14.2% to R1.642bn, driven by its fibre infrastructure expansion programme and subscriber growth. Given that amount was spent across the group's operations, it implies that Telkom is spending less on its fibre network than CIVH. DFA’s revenue from continuing operations increased by 10.5% to R1.297bn, mainly due to annuity income increasing to R210m, while underlying operating earnings from continuing operations more than doubled to R647m.
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.
Vumatel parent CIVH sees big profit upswing - TechCentralCIVH, the Remgro-controlled parent of fibre infrastructure providers Vumatel and Dark Fibre Africa, has swung into profit.
Read more »
Bumper profits for Vumatel, Dark Fibre AfricaRemgro-controlled Community Investment Ventures Holdings’ (CIVH’s) subsidiaries Dark Fibre Africa (DFA) and Vumatel have made huge profits. Networking Vumatel DarkFibreAfrica DFA Remgro
Read more »
Vodacom’s R13.2-billion deal to buy Vumatel — Competition Commission answer expected in daysRemgro says it expects an answer from the Competition Commission within days on Vodacom’s proposed deal to buy a co-controlling stake in CIVH.
Read more »
Vumatel and DFA earnings jump 900%According to the latest results from their holding company, Vumatel and DFA recorded R184 million in profit over six months in 2022, compared to a R23 million loss over the same period the year before.
Read more »
Vumatel parent CIVH sees big profit upswing - TechCentralCIVH, the Remgro-controlled parent of fibre infrastructure providers Vumatel and Dark Fibre Africa, has swung into profit.
Read more »
Bumper profits for Vumatel, Dark Fibre AfricaRemgro-controlled Community Investment Ventures Holdings’ (CIVH’s) subsidiaries Dark Fibre Africa (DFA) and Vumatel have made huge profits. Networking Vumatel DarkFibreAfrica DFA Remgro
Read more »