The telco will now hold a co-controlling 30% equity in a newly-formed fibre entity and has the option to acquire an additional 10% stake.
Terabit Technologies sets its sights on Africa’s fattening fibre market, with plans to expand operations to the rest of the continent.
Remgro is set to increase its shareholding in Community Investment Ventures Holdings after participating in the company’s rights offer.
The multibillion-rand fibre investment plan is part of the company’s strategic direction of diversifying revenues from its mobile business.
Although the operator has announced compelling fibre prices, analysts say its footprint remains small, fragmented and mainly outside the main urban centres of the country.
COVID-19 accelerated the requirements for data and, in turn, assisted in the performance of the fibre business for the six months ended 31 December.
The market made significant gains in 2020, as a result of the COVID-19 pandemic, and the trend is set to continue next year, says BMIT.
The fibre and wireless broadband services provider attracts 55 000 more customers to reach the 100 000 mark, securing a third-place market position.
The 30-year industry veteran is joining the fibre company after a stint with Vodacom, managing the telco’s billing infrastructure.
The Internet service provider officially launches its fibre-to-the-home services on the Frogfoot home fibre network.
The company says the company’s fibre infrastructure has been completed in several areas in the city.
The mezzanine debt fund manager has fully exited its investment in the fibre-to-the-home operator.