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MetroFibre acquisition receives Competition Commission backing

Friday 20 August 2021 | 10:28 CET | News
South Africa's Competition Commission has recommended that the Competition Tribunal approve the proposed transaction whereby Digital Infrastructure Investment Holdings (DIIH) intends to acquire MetroFibre, without conditions, ITWeb reported. In June, African Infrastructure Investment Managers (AIIM) and a consortium of South African Housing & Infrastructure Fund, through its Digital Infrastructure Consortium platform, and French-based investment vehicle STOA, agreed to  buy 25.8 percent of MetroFibre Networx held by Sanlam Private Equity, African Rainbow Capital and a minority shareholder.

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Categories: Fixed
Companies: MetroFibre Networx
Countries: South Africa
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Related Info

South African ISPs cut fibre-to-the-home prices, uncapped service now starts at ZAR 299 monthly
9 Jul | South Africa | News
Investment firms acquire 26% stake in South Africa's MetroFibre
22 Jun | Africa | News
MetroFibre introduces 300 Mbps service
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