Maziv plans multibillion-rand infrastructure investment

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Maziv plans multibillion-rand infrastructure investment
Dark Fibre Africa,Vumatel,Community Investment Ventures Holdings

The parent company of Dark Fibre Africa and Vumatel plans to invest R10 billion in the next phase of the business, with a focus on underserviced areas.

, the parent company of Dark Fibre Africa and Vumatel, has spent R30 billion on its fibre network infrastructure projects since inception, and plans to invest another R10 billion in the next phase of the business.

At the time, Maziv said thetransaction would support its broadband expansion and infrastructure upgrade, and create jobs. “We’ve spent in excess of R30 billion on putting fibre into the ground since inception, and that’s a significant milestone for us. Our aim is to spend at least another R10 billion, in terms of building infrastructure,” noted Arumugam.

Arumugam noted that Maziv, through its subsidiaries, has since inception seen its fibre network pass well over two million homes in SA, with more than 25 000 commercial buildings connected so far through its fibre-to-the-business network.Discussing Vuma’s R99per month prepaid offering − Vuma Key − he noted it has seen huge demand since being piloted in Alexandra last year.

“The R99 per month product works out to be R3 per day, and users can connect up to four devices in the home.The uptake of this service has been very positive, I think South Africans have been waiting for a long time for a product like this. It’s affordable and it’s also something that supports the whole family, helping to bridge the digital divide in SA,” added Arumugam.

Addressing guests at the event, Maziv CEO Dietlof Mare noted the firm has connected over 800 schools in remote areas to free high-speed fibre internet, to date. This initiative has positively impacted more than 400 000 learners, advancing digital inclusion and socio-economic development.

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