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.
Dr Heydon Hall will develop and oversee the implementation of a robust and integrated IT strategy at DFA.
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.
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.
Remgro is set to increase its shareholding in Community Investment Ventures Holdings after participating in the company’s rights offer.
The new CEO wants to use the experience from Vodacom to target mobile businesses, as the open-access fibre provider looks to grow its market share in SA.
Community Investment Ventures Holdings today announced Thinus Mulder will formally step down as CEO of its subsidiary DFA on 30 September.
The company receives funding from the US Trade and Development Agency to conduct a feasibility study in efforts to roll out affordable Internet to underserved populations.
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.
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.