STOA, AIIM, and SAHIF completed the acquisition of minority stake in MetroFibre Networx from Sanlam Private Equity and African Rainbow Capital for ZAR3bn.

Private equity firm AIIM and SAHIF, STOA, an investment company, completed the acquisition of minority stake in MetroFibre Networx, a company that provides uncapped fibre internet packages and network services, from private equity firm Sanlam Private Equity and African Rainbow Capital, for ZAR3bn. “This investment provides AIIM with an attractive foothold in the digital infrastructure market in South Africa. Despite material investment in recent years, AIIM continues to see a significant deficit in last-mile fibre connectivity across many parts of the country. Fibre networks underpin the growing demand for high speed, low latency home internet and are crucial to facilitate the accelerating digital migration caused by recent global lockdowns,” Ed Stumpf, AIIM Investment Director.