Sign up with Google
- Joined
- Sep 2, 2019
- Messages
- 5,703
- Reaction score
- 4,002
Seacom hammered by cable repair costs
Telecoms company Seacom had a tough second half of 2024 due to the financial impact of a major undersea cable repair, according to Remgro's latest interim financial results.
Remgro owns 30% of Seacom, which offers fibre-optic pairs from Mtunzini in KwaZulu-Natal to a point of presence in Marseille, France. Seacom was the first to compete with undersea infrastructure from Telkom when it launched in 2009.
Telecoms company Seacom had a tough second half of 2024 due to the financial impact of a major undersea cable repair, according to Remgro's latest interim financial results.
Remgro owns 30% of Seacom, which offers fibre-optic pairs from Mtunzini in KwaZulu-Natal to a point of presence in Marseille, France. Seacom was the first to compete with undersea infrastructure from Telkom when it launched in 2009.