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Vodacom and Remgro make deal on fibre business

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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.

 

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Come to my area. Please. We need your services. Can't do zoom and acceleritfibre anymore.

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