Internet Solutions in talks to buy Dark Fibre Africa

21 April 2017

Mergers, Acquisitions and Financial Results

Remgro is in talks to sell Dark Fibre Africa to Internet Solutions, according to a report by Bloomberg.

The report stated that Remgro, which owns 51.9% of DFA, and investment partner New GX Capital want up to R10 billion for the business.

“The acquisition of Remgro’s stake would give Internet Solutions access to as much as 10,000km of fibre networks, which will help the telecommunications provider extend broadband access in South African cities,” said Bloomberg.

Dark Fibre Africa is South Africa’s second-largest fibre network company behind Neotel, stated the report.

Remgro and Dark Fibre Africa did not comment on the speculation, but Internet Solutions stated it “will continue to explore opportunities” in the market.

The news follows Internet Solutions’ recent rebranding, which included a new logo.

Source: My Broadband