South Africa's Internet Solutions In Talks To Buy Remgro's Stake In Dark Fibre Africa

South Africa's Internet Solutions is in talks to buy Remgro's stake in Dark Fibre Africa (DFA). Remgro owns 51,9% of DFA with the rest belonging to New GX Capital.

New GX Capital put a price tag of $723 million on DFA.

The report stated that Remgro, which owns 51.9% of DFA, and investment partner New GX Capital want up to R10 billion for the business.

Should the deal be succesful as riumored, it will give Internet Solutions acces to 10,000 kilometers of fiber networks as it is reported.

DFA has South Africa’s largest fiber network with Neotel having the second largest network. Neotel was recently acquired by Liquid Telecoms.

DFA finances, builds, installs, manages, and maintains a world-class dark fibre network to transmit metro and long-haul telecommunications traffic in South Africa. They have the largest open-access, dark fibre infrastructure footprint in South Africa which covers metropolitan areas and small towns.

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