Remgro, the parent company of South African wholesale provider Dark Fibre Africa (DFA), is reportedly in negotiations to sell the unit to Internet Solutions (IS), TechCentral writes, citing three people familiar with the matter. Remgro, which owns 51.9% of the business, and investment partner New GX Capital are seeking as much as ZAR10 billion (USD720 million) for the asset, with the cash injection reportedly to be used by Remgro to repay debt and fund future acquisitions.
TeleGeography notes that DFA owns a carrier-neutral dark fibre infrastructure for the transmission of primarily metro telecommunications traffic. DFA started rolling out fibre in October 2007, and in November 2014 was contracted to build an open-access FTTH network in the Johannesburg suburbs of Parkview and Greenside East. The company has since deployed close to 10,000km of fibre infrastructure nationwide.