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The R1-billion South African tech company that died without a whimper

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With no buyers interested in VAST networks two years after it went into liquidation, it was scrapped for parts.

Wi-Fi provider VAST Networks, once valued at over R1 billion, was unceremoniously shut down in 2019, and its assets liquidated.

VAST Networks was officially launched in November 2015 with the aim to deliver carrier-grade Wi-Fi in Southern Africa on an open-access basis. Naspers and Dimension Data pumped a lot of money into VAST after its launch, which allowed the Wi-Fi network operator to expand its network and launch a range of new services.

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