# Comsol says it is completing financing for a South African 5G network

_Thursday, August 20, 2026 at 1:30 AM EDT · Infrastructure · Developing · Tier 2 — Notable_

Comsol Networks says it is completing a multi-billion-rand debt-and-equity raise to build a new 5G network in South Africa, according to founder and chief executive Iain Stevenson. The summary identifies the financing as the means to fund network construction, but does not give the size of the raise, its closing status, deployment timetable, coverage footprint or participating investors.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/articles/2026-08-20/convergence-backed-comsol-to-build-new-south-africa-5g-network)

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Canonical: https://techandbusiness.org/newswire/5SsGtplG6pR7HF7AmycxfO
Retrieved: 2026-08-20T07:02:33.570Z
Publisher: Tech & Business (techandbusiness.org)