CIVH merges Vumatel, DFA into one mega fibre company
Although the CIVH subsidiaries will be incorporated into a new infrastructure company, each business will initially continue to operate separately.
Remgro’s CIVH narrows losses as group doubles earnings
The fibre unit reduces losses through settlement of head office debt, resulting from two rights issues.
Vumatel buys non-controlling stake in rival Herotel
The deal comes as Herotel positions to become a national fibre player as competition in the SA market grows.
Fibre operator DFA to retrench employees
Dark Fibre Africa will consult with the affected staff on a range of restructuring options that are expected to be concluded by the end of March.
Remgro swells CIVH shareholding in R3.7bn rights offer
Remgro is set to increase its shareholding in Community Investment Ventures Holdings after participating in the company’s rights offer.
Lack of IOT growth in SA was SqwidNet’s biggest undoing
Community Investment Ventures Holdings says the decision to wind-down operations of its Internet of things unit boils down to the technology failing to take off in SA.
Vumatel rakes in R1bn as DFA’s revenue remains flat
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.
Fund manager Vantage exits Vumatel
The mezzanine debt fund manager has fully exited its investment in the fibre-to-the-home operator.
Community Investment Ventures continues to drown Remgro
Remgro-controlled Community Investment Ventures reports a R197 million loss for the six months ended December 2019, up from the previous R104 million loss.
Remgro unit appoints CEO to exploit DFA, Vumatel assets
After poaching Vodacom CTO Andries Delport, Community Investment Ventures names Raymond Ndlovu as its CEO, along with other executive appointments.
Dark Fibre Africa talks 5G opportunity
5G’s required fibre densification is positive news for infrastructure players like Dark Fibre Africa.