News Formal

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

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Business News News

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.

Sponsored

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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wiocc secures R540-million equity investment for expansionWiocc Group has secured a $30-million equity investment from the International Finance Corp as it ramps up investment in fibre networks and data centres.
Source: TechCentral - 🏆 8. / 71 Read more »