Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Saturday, June 14
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»Vumatel and DFA’s Impressive Valuation Surprisingly Surpasses Telkom’s

    Vumatel and DFA’s Impressive Valuation Surprisingly Surpasses Telkom’s

    0
    By Tapiwa Matthew Mutisi on October 1, 2020 Africa, Business, Report, Technology in Africa, Telecoms

    Remgro recently released its financial results for the year ended 30 June 2020, which revealed that Community Investment Ventures Holdings (CIVH) is valued at R18.5 billion. And what makes this valuation interesting is that it is higher than Telkom’s current market cap of R12.6 billion.

    CIVH is focused on the telecommunications and IT sectors, and its key operating companies are Vumatel and Dark Fibre Africa (DFA). Through Vumatel and DFA, CIVH has a strong position in the South African business and residential fibre markets.

    Vumatel and DFA are working in tandem to provide fibre access to South African businesses and homes. Their fibre rollout in recent years is impressive. Vumatel and DFA’s 29,300km fibre network scales across all key metros in South Africa. It passes 690,000 premises and connects 11,500 mobile base stations and 240,000 homes and businesses.

    DFA owns fibre networks in Johannesburg, Cape Town, Durban, Midrand, and Pretoria, as well as in smaller metros like East London, Polokwane, Tlokwe, Emalahleni, and George. These valuable fibre assets and the strong annuity revenue growth have made CIVH one of Remgro’s key growth drivers.

    While CIVH recorded a loss of over R1 billion in the last financial year – mainly due to transaction and funding costs related to the Vumatel acquisition – DFA and Vumatel performed well financially. DFA’s revenue increased by 5.0%, as its annuity income grew to over R179 million per month on 31 March 2020. Vumatel’s revenue increased by 80.0% to R1.5 billion compared to the prior year, driven by accumulated subscriber uptake growth.

    Telecoms company valuations

    CIVH’s R18.5-billion valuation places it among some of South Africa’s most valuable telecommunications companies. Vodacom is South Africa’s most valuable company at R226 billion, followed by MTN at R105 billion, and then CIVH at R18.5 billion.

    The table below provides an overview of the current valuations and market caps of South African telecoms companies.

    South African Telecoms Companies
    CompanyMeasureMarket Cap/Valuation
    VodacomJSE market capR226 billion
    MTNJSE market capR105 billion
    CIVHRemgro valuationR18.5 billion
    RainARC valuationR15.0 billion
    TelkomJSE market capR12.6 billion
    Cell CBlue Label valuationR0

    Related

    Africa Telecoms Market Dark Fibre Africa Market intelligence Market Share Remgro Technology in Africa telecoms Telkom Vumatel
    Share. Facebook Twitter Pinterest LinkedIn Email
    Tapiwa Matthew Mutisi
    • Facebook
    • X (Twitter)
    • LinkedIn

    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

    Related Posts

    Can Content Creation Survive Nigeria’s Data Crisis?

    Airtel Africa Buys Back 1.9M Shares Again

    Vodacom Achieves 100% Renewable Electricity Across All Markets

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.

     

    Loading Comments...
     

    You must be logged in to post a comment.