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CIVH merges Vumatel, DFA into one mega fibre company

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Dark Fibre Africa and Vumatel, CIVH’s two fibre network assets, are now being managed under a new infrastructure company. DFA M&A networking

Community Investment Ventures Holdings , the Remgro and New GX-controlled parent company of fibre infrastructure operators Dark Fibre Africa and Vumatel, today announced its two fibre network assets will be managed under a new infrastructure company.

Although its two most significant operating subsidiaries will be incorporated into this new infrastructure entity, CIVH says each business will initially continue to operate separately. Andries Delport will continue as chief executive officer of DFA and will be an integral part of the infrastructure company management committee.

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Vumatel, DFA folded into new holding company to be led by Dietlof MareTwo 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.
Source: TechCentral - 🏆 8. / 71 Read more »