Vodacom and Remgro interested in buying Vumatel

CIV Holdings is in discussions to acquire Vumatel, which has built one of the largest open access fibre networks in South Africa, according to industry sources.

In March 2018, Bloomberg reported that Remgro was in advanced talks to buy Vumatel as part of its strategy to consolidate the country’s expanding broadband infrastructure industry.

MyBroadband has now learnt from sources that a potential acquisition of Vumatel will happen through CIV Holdings.

Remgro is a 51% shareholder in CIV Holdings, which in turn owns numerous telecoms players – including Dark Fibre Africa (DFA), MCT Telecommunications, and Dartcom.

An acquisition of Vumatel by CIV Holdings will significantly strengthen Remgro’s position in the South African fibre market.

Vodacom interested

While news of Remgro’s possible acquisition of Vumatel is not new, it has emerged that Vodacom has also shown interest in Vumatel.

Industry speculation suggests that Vodacom may have formed part of a deal involving

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