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Broadband

MetroFibre secures ZAR 2.5 bln in debt funding to expand deployment

Wednesday 24 March 2021 | 11:22 CET | News
South African fibre network operator MetroFibre Networx has secured ZAR 2.5 billion in debt funding to expand its fibre deployment, ITWeb reported. This financing was arranged by banking and investment firm Investec, and will be used to extend MetroFibre's fibre connectivity into underserviced homes and businesses. Financial director Wayne Edwards said South Africa had massive demand for fibre connectivity in many outlying regions.

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Categories: Fixed
Countries: South Africa
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