Dietlof Mare. Via Vodacom
DURBAN - Dietlof Mare will be joining Vumatel as the company's new CEO.

The telecommunications company said that Mare's experience will see the company through its next stage of growth.

Mare has fourteen years of experience and has previously held the CEO posts for Vodacom in the DRC, Tanzania, and Albania reports BusinessTech.

The current CEO of the company Niel Schoeman will move on to the role of an executive chairman.

Vumatel said that this gives Schoeman the ability to focus on the pioneering and transformational projects which Vuma has become known for.

The company also spoke about the projects that they are working on. They said that the projects include bridging the digital divide and building smarter safer cities which are crucial for the future of South Africa.

The telecoms company is also reported to be in talks to be obtained by Remgro, where Johann Rupert is said to be looking to cement South Africa's growing broadband infrastructure industry.

According to Bloomberg, sources hinted that a deal by the billionaire's investment vehicle would give an equity value of R1,1 billion for Vumatel.

If the deal is successful Vumatel will be combining with their rival Dark Fibre Africa. Remgro owns a big stake in Dark Fibre Africa.

ABOUT VUAMTEL

Vumatel is a company that builds open access fibre networks. They are not a service provider but instead, they set up the infrastructure.

The company first started installing open access fibre networks in 2014 and since then they have been making waves in the telecoms industry.

Just last year Vumatel announced that they would launch 100Mbps uncapped fibre services for people in South African townships at a cost of R89 per month.

Mare's appointment will start on May 7th, 2018.



- BUSINESS REPORT ONLINE