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Investec takes minority stake in Vumatel

Vumatel and Investec concluded a deal last week which sees the specialist bank and asset manager take a minority equity stake in the fibre service provider. Details of the size and value of the stake were not disclosed. The capital will be used by Vumatel to accelerate the roll out of its fibre-to-the-home service across more communities in South Africa.

Read more at ItWeb…

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