Vodacom will inject an initial R6bn in cash and sell the Vodacom fibre network to a subsidiary of Remgro, with the aim of creating a new fibre giant
Johann Rupert’s investment holding company, Remgro, and SA’s largest mobile operator, Vodacom, have inked a multibillion-rand deal to combine their fibre businesses, a move that could improve access to high-speed internet for SA’s lower-income consumers.
The deal involves Vodacom injecting R6bn in cash and selling its fibre network to Community Investment Ventures Holdings , of which Remgro holds 57%. This would lead to the mobile operator’s fibre operations combining with Dark Fibre Africa and SA’s largest fibre-to-the-home network operator, Vumatel...
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