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.
Tribunal to decide on Vumatel, CIVH union
The Competition Tribunal hosts a competition hearing, as CIVH seeks to increase its shareholding in Vumatel.
DFA raises R1.25bn in funding
Dark Fibre Africa says the additional debt funding will help finance the expansion of its open-access national metro fibre footprint.?
DFA tight-lipped on possible sale
Dark Fibre Africa will not comment on market speculation its parent company is in talks to sell it to Internet Solutions.