AIIM and STOA Lead USD97m Investment in South African Fiber Network Operator MetroFibre Networx

Source(s): African Infrastructure Investment Managers

African Infrastructure Investment Managers (AIIM), through its newly incorporated Digital Infrastructure Investment Holdings platform, and existing investor STOA, a foreign investment vehicle based in France, led a ZAR1.5b (approximately USD97m) investment in MetroFibre Networx, a South Africa-based open access fiber network operator. AIIM invested ZAR980m (approximately USD64m) for a minority stake in the company. Read more