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SUBSIDIARY NAME

CONNECTING SOUTH AFRICAN CITIZENS TO INTERNET AND BROADBAND SERVICES THROUGH DIGITAL TECHNOLOGIES IN THE DIGITAL ECONOMY ERA

COUNTRY

SOUTH AFRICA

SECTOR/ INDUSTRY

TELECOMMUNICATIONS

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

May 9, 2022

ACQUISITION VALUATION

45 BILLION

TOTAL ASSET VALUATION

450 BILLION

TELECOMMUNICATION,IT

CONNECTING SOUTH AFRICAN CITIZENS TO INTERNET AND BROADBAND SERVICES THROUGH DIGITAL TECHNOLOGIES IN THE DIGITAL ECONOMY ERA”: IIB-DG acquired “CONNECTING SOUTH AFRICAN CITIZENS TO INTERNET AND BROADBAND SERVICES THROUGH DIGITAL TECHNOLOGIES IN THE DIGITAL ECONOMY ERA” on May 09, 2022 the purpose of project is Nerve Ops Centre and Deployment of infrastructure. This project will not only provide quality broadband communication services in the country but will also create job opportunities for communities living in the area where the project is being implemented. Community upliftment and economic development through job creation is key in ensuring project ownership by community members, which has a direct bearing on the success of the project. The following figures indicate our serious intentions to contribute to reducing unemployment; especially of youth and women.

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