The fibre network operator is under pressure to service marginalised areas amid stiff competition in the local market.
Although the CIVH subsidiaries will be incorporated into a new infrastructure company, each business will initially continue to operate separately.
ISPA lodges objection with CompCom over Vodacom looking to buy co-controlling equity in CIVH’s fibre assets.
The fibre unit reduces losses through settlement of head office debt, resulting from two rights issues.
The deal comes as Herotel positions to become a national fibre player as competition in the SA market grows.
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.