Remgro-backed telecoms firm speeds up broadband expansion after $1 bln debt deal

December 20, 2019 - Johannesburg, South Africa, Africa - A South African telecoms company backed by investment firm Remgro plans to expand its high-speed broadband network after completing a 16 billion rand ($1 billion) debt restructuring this week. The building of fibre optic networks in upmarket neighbourhoods has intensified in the past five years, but has been confined to cities due to the high cost of laying down the infrastructure and the dominance of mobile internet.