Fibre entities Vumatel, DFA now known as Maziv companies

  • 📰 ITWeb
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Sverige Nyheter Nyheter

Vumatel and Dark Fibre Africa will now be known as companies of Maziv. FTTH Vumatel DarkFibreAfrica Maziv CIVH rebranding fibre

Remgro-owned Community Investment Ventures Holdings has unveiled the identity of the parent company of its two fibre network assets – Vumatel and Dark Fibre Africa . Both will now be known as companies of Maziv.Dietlof Mare and Byron Billett, executives of Vumatel, were appointed chief executive officer and chief financial officer, respectively, of the new infrastructure company.

Vodacom will, through a combination of assets of approximately R4.2 billion and cash of at least R6 billion, acquire up to 40% of the ordinary shares of a newly-created, wholly-owned subsidiary of CIVH, which will hold CIVH’s current interests in Vumatel and DFA. “As the fibre market evolves and becomes a critical part of our country’s infrastructure, so do the exponential growth opportunities for Maziv and its subsidiaries. While Vumatel and DFA continue to operate as separate entities, the intentional formation of this parent company was a strategic move to streamline operations and consolidate infrastructure assets seamlessly, under one aligned strategy,” Mare says.

“Since its inception in 2014, Vumatel has passed over 1.6 million South African homes, and connected over 600 schools across our communities with free, 1GBps uncapped fibre – supporting hundreds of thousands of learners and educators.”

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 45. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Maziv - the new name of Vumatel, DFA parent companyMaziv is the new name of the parent company of Vumatel and Dark Fibre Africa that will soon, pending regulatory approvals, be 30% owned by Vodacom.
Källa: TechCentral - 🏆 8. / 71 Läs mer »

MTN targets R18bn revenue from Africa’s fibre marketMTN Group has multi-pronged approach to conquer African market through digital wholesale and infrastructure services firm MTN GlobalConnect connectivity MTN
Källa: ITWeb - 🏆 45. / 51 Läs mer »