Frogfoot Networks, Vox and Hypa Fibre have secured a major capital injection aimed at accelerating fibre deployment across South Africa, particularly in underserved and lower-income communities.
The transaction values the three companies at a combined R14.4 billion and provides new equity capital and additional leverage to support a substantial expansion of their networks. Frogfoot plans to quadruple its annual rate of home connections to approximately 360,000 homes over the next 12 months.
The accelerated rollout is also expected to create more than 5,000 direct jobs within local communities.
The transaction implies a combined after-debt equity value of R8.4 billion and includes subscriptions for new shares in Frogfoot and Vox, including Vox’s wholly owned subsidiary Hypa, by several incoming investors.
The largest shareholder grouping is the DNI Consortium, comprising DNI 4PL Contracts, JSE-listed Sabvest Capital, Masimong Group Holdings and Draper Gain International.
