Metro Fibre Networx (Sanlam, African Rainbow Capital and STOA) carries out $72m capital increase
According to Jeune Afrique Business+, the investment bank Lazard is advising South Africa’s No. 3 fibre optic network operator on the capital increase.
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▪ Metro Fibre Networx (Sanlam, African Rainbow Capital and STOA) carries out $72m capital increase
▪ According to Jeune Afrique Business+, the investment bank Lazard is advising South Africa’s No. 3 fibre optic network operator on the capital increase.
▪ https://www.africabusinessplus.com/en/804731/metro-fibre-networx-sanlam-african-rainbow-capital-stoa-augmente-son-capital-72-millions/
Declared an “essential business” since the beginning of the Covid-19 crisis, fibre optic installation has helped the leading operators, i.e., Vumatel and Openserve Fibre (TelkomSA), outperform other businesses as the pandemic continues its course in South Africa. Their competitor Metro Fibre Networx, the No. 3 player in terms of market penetration, has also seen its business take off over this period.
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