CIVH forms new infrastructure company with Byron Billett as CFO
The new company will unite Dark Fibre Africa and Vumatel under the same management.
Community Investment Ventures Holdings (CIVH) has announced that its two fibre network assets, Dark Fibre Africa (DFA) and Vumatel, will be managed under a new infrastructure company.
While the new entity has not been named yet, CIVH has announced that Byron Billett has been appointed as its CFO and Dietlof Mare as its CEO. Both Dietlof and Byron are executives of Vumatel.
“We realise that to continue connecting as many South Africans as possible we need to ensure that our businesses run effectively. This new infrastructure company will allow us to continue bridging the digital divide by enabling DFA and Vumatel to operate their infrastructure assets seamlessly and on an open-access basis, under one aligned strategy,” says Dietlof.
CIVH said in a statement that this decision is a strategic step to meet customer and business requirements and to increase open-access offerings across the networks. And, although both network providers will be incorporated into this new infrastructure company, they will initially continue to operate separately.