The mobile operator will invest R250 million in projects for the radio access network and R150 million to fund transmission in the region.
The company suspends the conversations on the listing of its fibre unit, as the market conditions are not conducive to such a transaction, says CEO Serame Taukobong.
The companies are pooling their expertise and resources to extend high-quality connectivity solutions to areas that have historically been marginalised in terms of access to digital infrastructure.
The funding will allow the company to expand its data centre capacity and meet the growing demand for cloud services in SA.
WIOCC has connected FirstNet Technology Services to the 2Africa cable system between Durban and Cape Town.
The switches have built-in security protocols to safeguard network infrastructure against unauthorised access and threats.
The fibre network operator invested R2.5 billion to modernise its network and drive fibre deployment to pass 1 217 110 homes, a 17% increase.
Total headline earnings per share and basic earnings per share increased by more than 100% to 376 cents and 385.5 cents, respectively, says the firm.
The accreditation has been awarded to all 22 NEC entities, including African subsidiary NEC XON in the EMEA region, which covers SA, Namibia, Kenya and Nigeria.
The telecoms tower infrastructure company’s ambition is to provide coverage for an extra 20 million people by 2026.
The bank’s new mobile virtual network operator collaboration with MTN SA will see it rebrand its offering to Standard Bank Connect.
The fixed wireless access network provider aims to increase its tower footprint across SA, while introducing 5G-like and fibre-equivalent offerings.