Funding roundFunding Round
Ilitha Telecommunications Funding Round
Ilitha Telecommunications raised $25.5M in a Funding Round led by Meridiam. It was announced on 23 January 2025.
- Amount raised
- $25.5M
- ZAR 420M in local currency
- Announced
- 1 year ago
- Investors
- 1
- 1 lead
Investors in Ilitha Telecommunications's Funding Round1
Lead
- MeridiamLeadProfile of Meridiam →
Private Equity · Paris, France
About this round
Financing type: equity and debt. Meridiam's investment (through its TURF B fund) was first announced in Meridiam's press release dated 23 Jan 2025, which states Meridiam acquired a majority stake but discloses no amount; Ilitha announced it at the ITU Partner2Connect event in Geneva (Ilitha release dated 3 Feb 2025). CEO Vuyani Jarana told Business Day (3 Feb 2025) the package was about R420m: R120m equity and R300m debt, described as equity contributions and shareholder loans. The USD 25.5m figure is TechCabal's conversion (16 Oct 2026), not a contemporaneous rate. Business Day (1 Oct 2026) also calls this 'more than R400m'. No closing date disclosed. The majority-stake acquisition itself is recorded separately as M&A; no purchase price or valuation was disclosed.
Sources for this round4
- meridiam.comMeridiam invests in Ilitha Telecommunications in South Africa to deploy fiber access to underserved townships
- ilitha.comIlitha Telecommunications Secures Landmark Investment to Bridge South Africa's Digital Divide
- businessday.co.zaSA telecom secures funds to connect half a million low-income homes to the web
- techcabal.comVuyani Jarana: How a boy fascinated by radios became a champion of rural connectivity
Frequently asked about Ilitha Telecommunications's Funding Round
- How much did Ilitha Telecommunications raise in its Funding Round?
- $25.5M, announced on 23 January 2025.
- Who led Ilitha Telecommunications's Funding Round?
- Meridiam led the round.
- Who invested in Ilitha Telecommunications's Funding Round?
- 1 investor is named for this round: Meridiam (lead).
