Partial privatisation of Broadband Infraco on the cards

Mergers, Acquisitions and Financial Results

The South African government is reportedly planning to reach a decision on the partial privatisation of state-owned telecoms infrastructure provider Broadband Infraco this week, TechCentral reports citing two people familiar with the matter.

The cash-strapped company – which manages infrastructure rollouts to underserved areas on behalf of the government and has roughly 15,000km of fibre-optic cabling – has made several unsuccessful submissions to the state for funding, with its most recent appeal for ZAR243 million (USD17.7 million), in addition to a further ZAR932 million until 2019, submitted in September 2015. A potential sale process would attract bids from cellco Vodacom and fibre-optic provider Dark Fibre Africa (DFA), the news source writes.
Source: Techcentral