South African investment holding company Remgro is said to be in talks with Internet Solutions to sell its wholesale provider Dark Fibre Africa for up to ZAR10bn ($7 billion). Remgro, a 51.9% shareholder in Dark Fibre Africa, is set to use the funds from the sale to pay down debt and invest in future acquisitions.
South African investment holding company Remgro is said to be in talks with Internet Solutions to sell its wholesale provider Dark Fibre Africa for up to ZAR10bn ($720m). Remgro, a 51.9% shareholder in Dark Fibre Africa, is set to use the funds from the sale to pay down debt and invest in future acquisitions.