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). The deal would see the firm buy out a stake of around 30 percent and take over operations from existing distributor Bright Fast.
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.