Actis makes two investments in digital infrastructure in South Africa

London-based private equity firm Actis is betting on the expansion of the digital infrastructure sector in South Africa with two new investments.

The firm has acquired a controlling stake in fibre broadband provider Octotel, in a deal with an enterprise value of ZAR2.3bn ($140m). Founded in 2016, the company’s fibre network has passed more than 175,000 premises to provide connectivity in homes and businesses across the Western Cape region.

Following the acquisition, Actis plans to expand its coverage by finding growth opportunities and turning Octotel into a “national fibre…

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