South Africa mulls more funding for Broadband Infraco

Friday 25 September 2015 | 11:10 CET | News
South Africa's is considering a request by state-owned fibre infrastructure company Broadband Infraco for a "going concern guarantee" for ZAR 243 million. A Treasury spokesperson said the request is not for a bailout or any transfer of money, but rather for a guarantee for debt financing, ITWeb reported. If granted, it will mean government will take on the liability of Broadband Infraco's debt obligation should it be unable to do so. Broadand Infraco has already received ZAR 1.8 billion from government to date but is seeking urgent funding from the Treasury. It was revealed in a meeting of

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Internet
Companies: Broadband infraco
Countries: South Africa
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Limpopo's Vhembe district gets broadband under SA Connect scheme

Published 24 Jan 2019 13:38 CET | South Africa
South Africa's communications department (DOC) has introduced digital services in Limpopo's Vhembe district, in conjunction with ...

Telkom declines to buy Broadband Infraco - report

Published 23 Jun 2016 09:35 CET | South Africa
South Africa's Telkom has walked away from buying Broadband Infraco after the companies could not agree on a price, Techcentral ...

Vodacom SAfrica mulls acquisition of Broadband Infraco

Published 19 Apr 2016 10:14 CET | South Africa
Vodacom South Africa is considering a bid for state-owned Broadband Infraco, Bloomberg reported. The acquisition could help ...

Broadband Infraco outlines vision for merger with Telkom

Published 04 Apr 2016 10:09 CET | South Africa
South Africa's state-owned company Broadband Infraco supports the government's plan to merge it with Telkom, and believes it ...

Telkom in talks with Infraco over possible merger

Published 17 Feb 2016 14:00 CET | South Africa
South African operator Telkom and state-owned Broadband Infraco are in discussions over a possible collaboration as part of the ...

SAfrica to spend ZAR 1 bln on broadband, digital migration

Published 22 Oct 2015 11:12 CET | South Africa
South Africa's Finance Minister Nhlanhla Nene plans to devote ZAR 1 billion to the roll-out of broadband infrastructure and the ...

Metrofibre plans new funding round from November

Published 29 Sep 2015 11:22 CET | South Africa
South African company Metrofibre has completed projects in excess of ZAR 40 million to date, with projects worth another ZAR15 ...

Broadband Infraco seeks government bailout

Published 23 Sep 2015 10:25 CET | South Africa
South African state-owned fibre-optic infrastructure company Broadband Infraco has appealed to government for a bailout, Fin24 ...

South Africa prepares Broadband Infraco for possible sale

Published 01 Jul 2015 10:50 CET | South Africa
The South Africa government has directed state-owned fibre infrastructure provider Broadband Infraco to undertake a valuation ...