community investment ventures holdings (civh)

Vuma Key — Uncapped fibre for R100 per month Vumatel says there is a major opportunity in South Africa to provide fibre to households earning less than R5,000 per month, and that it is busy testing the viability of lower-cost services for this market. The company revealed details about its...

Telkom tanks as growth stalls Telkom's share price dove by as much as 8.7% on Tuesday after the company released lacklustre annual results for the period 1 April 2021 to 31 March 2022. Although the company reported strong growth in its fibre segment, it could not offset the effects of stalling...

Vuma's plans for Herotel as it hunts for a CEO Herotel is recruiting to appoint a permanent CEO after Van Zyl Botha stepped down from the role, the company has told MyBroadband. In the meantime, former Vodacom executive Chris Ross is serving as acting CEO.

Vodacom's Vuma deal is good news for fibre customers and ISPs Fibre Internet service providers (ISPs) should be "overjoyed" with Vodacom's acquisition of Vumatel and DFA's fibre networks, meaning they will have packages to sell in even more areas. That is according to Vodacom Group CEO Shameel...

Vumatel and DFA integrated into new infrastructure company The new entity still needs a name.

Internet service providers launch objection to Vumatel-Vodacom merge South Africa’s Internet Service Providers’ Association (Ispa) has asked for a commitment from Vodacom and CIVH that the Vumatel and DFA fibre networks will remain open access. Vodacom and Community Investment Ventures...

Vumatel makes R1.4 billion in six months Remgro has reported that Vumatel’s revenue jumped 31.7% to R1.438 billion between 1 July 2021 and 31 December 2021. The company reported that this was driven by its fibre infrastructure expansion programme and subscriber uptake growth.

Vuma acquires 45% stake in Herotel Vumatel has acquired a 45% non-controlling stake in Herotel, a fixed wireless Internet service provider and a player in South Africa’s fibre-to-the-home industry. Herotel has passed over 150,000 homes and business users across more than 400 towns and cities.

Problems at DFA Dark Fibre Africa (DFA) is facing severe operational challenges, including the inability to deliver on fibre and other commercial commitments. MyBroadband has received complaints from DFA clients that they have not been able to execute simple agreements because of problems at...

Remgro's big Vumatel bet pays off When Community Investment Ventures Holdings (CIVH) acquired Vumatel in a multi-billion-rand deal in 2018, industry players questioned the decision. Three years later, it proved to be a stroke of genius. On 10 November, Vodacom announced it has agreed on terms...

Vodacom acquiring co-controlling share in Vumatel and DFA for R10.2 biillion Vodacom has agreed on terms to acquire a 30% co-controlling stake in Vumatel and Dark Fibre Africa for a total transaction value of R10.2 billion. "Subject to regulatory approvals, Vodacom Group will hold a...

Vumatel and DFA now worth R27 billion Remgro released its financial results for the year ended 30 June 2021, which revealed a strong performance of Community Investment Ventures Holdings (CIVH). CIVH is a growing telecommunications player through its subsidiaries, Vumatel and Dark Fibre Africa...

WOAN set to fail — but there is one way to make it work The South African government’s ambitious plan to launch a wireless open-access network (WOAN) is doomed to failure unless it allows a company that knows what it’s doing to operate it. Government’s intentions behind the WOAN are ostensibly...

Vumatel and DFA now more valuable than Telkom Community Investment Ventures Holdings (CIVH), which owns Vumatel and DFA, is valued at R23.2 billion — higher than Telkom’s market cap of R22.3 billion. Remgro revealed this valuation in its recent announcement about a CIVH rights offer in which...

Vumatel owner raises R3.72 billion Remgro announced that it is participating in a rights offer being undertaken by Community Investment Ventures Holdings Proprietary Limited (CIVH), which successfully raised R3.72 billion in equity. Prior to the transaction, Remgro held a 55.2% stake in CIVH.

New name for South African telecoms powerhouse Community Investment Ventures (CIVH), which owns Vumatel, DFA, and Sqwidnet, is set to change its name and company branding. This is feedback from CIVH CEO, Raymond Ndlovu who spoke to MyBroadband about the planned CIVH brand change. CIVH is...

Andries Delport — The new man in charge of DFA Community Investment Ventures Holdings (CIVH) recently announced that its CTO Andries Delport would take over as DFA CEO from Thinus Mulder on 1 October 2021. CIVH CEO and DFA chairman Raymond Ndlovu said Delport would immediately become more...