Building South Africa’s next telecoms powerhouse
Community Investment Ventures Holdings (CIVH), which owns Vumatel and DFA, is well-positioned to become South Africa’s next telecommunications powerhouse. Speaking to investors during Remgro’s results presentation, CEO Jannie Durand said CIVH is one of their most valuable assets as it operates in a high growth space.
He added that Remgro is investing in CIVH as they see a lot of growth potential in the telecommunications market. CIVH chairman Pieter Uys added that there are many areas where CIVH, Vumatel, and DFA can replicate its successful open access, wholesale business model.
The areas which CIVH is currently exploring include data centres, tower infrastructure for mobile networks, and rolling out a wholesale mobile network. Uys said CIVH is already operating in the data centre space, which includes edge data centres in business districts and Vumatel’s presence in residential areas. These edge data centres can be upscaled into a more mature data centre business in future.
Click on the link below for full report