Vodacom will be injecting R6-billion in cash and selling its fibre network to Community Investment Ventures Holdings, of which Remgro holds 57-percent.
The mobile network operator says the investment will accelerate South Africa’s fibre reach, network quality and resilience. It said this will also foster economic development and allow for market expansion, particularly for lower- and middle-income product offerings.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vodacom and Remgro announce R13.2bn fibre partnershipVodacom will inject an initial R6bn in cash and sell the Vodacom fibre network to a subsidiary of Remgro, with the aim of creating a new fibre giant
Read more »
Vodacom and Remgro announce R13.2bn fibre partnershipVodacom will inject an initial R6bn in cash and sell the Vodacom fibre network to a subsidiary of Remgro, with the aim of creating a new fibre giant
Read more »
Vodacom in R41bn deal to buy controlling stake in Vodafone EgyptThe deal will allow Vodacom to expand the group’s footprint into northern Africa for the first time
Read more »
Makhadzi signs R120 million sneaker 'mega deal' with Kicks SportswearMakhadzi, hot on the heels of rapper Cassper Nyovest's R100 million deal with Drip, has signed a 'mega deal' worth R120 million with Kicks Sportswear called Kokovha.
Read more »
LETTER: Proposed pay-disclosure law just gives Kool-Aid Marxists ammunitionBusiness and labour working together is the only way we will solve the jobs crisis
Read more »
Load shedding: Eskom will 'destroy economy, increase unemployment'With Eskom implementing Stage 4 load shedding, the Black Business Council's (BBC) is calling for CEO Andre De Ruyter's resignation.
Read more »