Vumatel, DFA folded into new holding company to be led by Dietlof Mare

  • 📰 TechCentral
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 71%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Two of South Africa’s biggest fibre providers, Vumatel and Dark Fibre Africa, are being folded into a new infrastructure holding company to be led by Vuma CEO Dietlof Mare.

Two of South Africa’s

Community Investment Ventures Holdings , the Remgro- and New GX-controlled parent company of DFA and Vumatel , said on Thursday that the two companies will be managed under the new infrastructure company, whose name must still be announced. CIVH said Vumatel and DFA will initially continue to operate separately, but it implied in a statement that, in time, the entities could be merged.

Mare will serve as the new holding’s company’s CEO, while Byron Billett will be chief financial officer

 

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:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

LIVE: Eskom's GCEO Andre de Ruyter holds a State of the System media briefing - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.LIVE | Eskom Group Chief Executive, André de Ruyter holds a State of the System virtual media briefing where Eskom’s management team will provide an update on the company’s operational performance. rollingblackouts loadshedding Can he just do the job and stop with this endless briefs Gape dis man they made him resign were he was working with immediate effect kante ke immediate effect ya everyday loadshedding mxm.... Its shows we going nowhere mxm
Source: SABCNews - 🏆 37. / 51 Read more »

Coinbase warns users their crypto holdings could vanish if the company goes bankrupt | BusinessinsiderThe disclosure was included for the first time as a risk factor in the company's first-quarter earnings report, which also noted that Coinbase holds $256 billion in fiat currencies and virtual coins.
Source: BISouthAfrica - 🏆 34. / 51 Read more »