Telecom

South Africa: AIIM becomes majority shareholder in broadband internet provider MetroFibre

Monday, 16 May 2022 19:43
South Africa: AIIM becomes majority shareholder in broadband internet provider MetroFibre

(Ecofin Agency) - South African broadband connectivity provider MetroFibre wants to expand its footprint in the country to meet accelerating demand. In that regard, it opened 25% of its capital to investors. 

African Infrastructure Investment Managers (AIIM) recently completed the acquisition of an additional 25.8% stake in South African broadband connectivity provider MetroFibre Networx. This transaction makes AIIM the majority shareholder in MetroFibre with 37% of the overall stake. In the release announcing the completion, AIIM informs that the additional stake was acquired “alongside a consortium comprising South African Housing & Infrastructure Fund (SAHIF) and STOA, a foreign investment vehicle based in France.” In 2020, the three partners had invested ZAR1.5 billion (US$92.3 million). 

By becoming MetroFibre's majority shareholder, AIIM will provide the company with the capital necessary to achieve its growth ambitions. "MetroFibre has accelerated roll-out to a point where it is now one of the largest South African Fibre-To-The-Home players by homes passed, but there remains a long way to go to address connectivity shortfalls in the country," said Thor Corry, AIIM's investment director. 

The deal, announced in June 2021, was completed after the approval of the Independent Communications Authority of South Africa (ICASA). 

"We continue to pursue innovative approaches to address South Africa’s connectivity shortfalls and are pioneering unique solutions that cater to customers with different needs," added MetroFibre’s CEO, Jan-Jan Bezuidenhout (photo). 

MetroFibre has accelerated its fiber rollout with over 350,000 homes passed as of April 31, 2022, and we are aiming to pass an additional 500,000 homes by 2025,” he added.  

Isaac K. Kassouwi





 
Finance


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.