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Standard Bank facilitates a R5bn deal to finance MetroFibre’s ambitious fibre roll-out programme

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SPONSORED | The R5bn deal with proudly South African digital infrastructure business MetroFibre Networx supports StandardBankZA's mission of driving positive, sustainable and embedded technological growth across Africa.

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Standard Bank Group has successfully finalised a R5bn debt finance package for MetroFibre Networx, supporting its continued fibreoptic data network rollout across SA.world-class fibre connectivity into homes and businesses in underserviced communities across SA and is set to contribute to increasing Metrofibre’s reach by an additional 500,000 households across SA.

“Access to the internet is fundamental in closing the digital divide and giving individuals the opportunity to participate in the globally connected economy,” says Kumbirai Gundani, Telecoms, Media and Technology executive at Standard Bank Corporate and Investment Banking.”

 

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