remgro

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.