Vox shareholders in R2-billion buyout deal

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MyBroadband Newsfeed
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Vox shareholders in R2-billion buyout deal

Vox Telecom SA shareholders including FirstRand Ltd.’s RMB agreed to buy out fellow investor Investec Ltd. as part of a 2 billion rand ($130 million) recapitalization of the South African fiber-network operator.

Metier Private Equity Ltd. and the internet company’s management are also part of the transaction, Vox Chief Executive Officer Jacques du Toit said by phone. The group will then look to accelerate fiber rollout outside of South Africa’s main cities and to the country’s small businesses.

[Bloomberg]
 

Thor

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Jun 5, 2014
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The more infrastructure competition the better.

Better fiber infrastructure will increase GDP.
 

Sl8er

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The group will then look to accelerate fiber rollout outside of South Africa’s main cities and to the country’s small businesses.

Vox is among a number of fast-growing companies leading the relatively nascent fiber-to-home market in South Africa, building improved infrastructure and bringing down the cost of high-speed internet.
* The South Coast waits impatiently *
 
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