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Broadband

Stoa Infra & Energy acquires 23.1% stake in Metrofibre Networx

Tuesday 19 March 2019 | 11:26 CET | News
French firm STOA Infra and Energy has announced it has acquired a 23.08 percent equity interest in Metro Fibre Networx in South Africa, using a portion of its capital base earmarked for investments in telecommunications sectors in developing countries. Stoa, owned by Caisse des Depots (CDC) and Agence Francaise de Developpement (AFD), said telecommunications is a core sector focus for its future investments and South Africa is one of its key targeted geographies.

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Categories: Fixed
Countries: South Africa
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