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Broadband

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

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Categories: Internet
Companies: Broadband infraco
Countries: South Africa
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