30 Apr 2019
Pan-African telecommunications service provider SEACOM announced the conclusion of the agreement for the 100% acquisition of FibreCo Telecommunications in November 2018. FibreCo owns and operates a national open access dark fibre network, providing infrastructure and connectivity services across South Africa. Acknowledging its benefits for the South African economy and local citizens, the South African Competition Commission approved the acquisition in March.
The FibreCo acquisition represents another significant step for SEACOM in fulfilling its vision to increase the company's 2019 national footprint in South Africa and Africa as a whole through the consolidation of fibre assets. SEACOM believes this is necessary for the evolution of the market, particularly with the increased demand for data owing to the growth in fibre based connectivity and emergence in technologies such as 5G.
The acquisition of FibreCo further enables SEACOM to scale and upgrade its African Ring by connecting its East and West coast submarine assets with a robust network of trans-South African fibre.
Conclusion of the agreement for the 100% acquisition of FibreCo Telecommunications
While SEACOM connects South Africa to the east coast of Africa, India and Europe, FibreCo network runs along South Africa's highest-traffic transmission routes and connects over 60 points of presence across the country that include key data centres in major metros like Johannesburg, Cape Town, Bloemfontein, Durban and East London. Additional end-to-end fibre connects the SEACOM subsea cable system (which lands in Mtunzini on the east coast of South Africa) to the WACS cable (which falls at Yzerfontein, on the west coast of the country), ensuring fully redundant high-speed ring protection around the African continent.
By expanding its wholesale portfolio to include several national long-distance services and last mile metro connectivity, SEACOM has become the provider of choice to local and international data communications customers. Lighting up additional fibre across South Africa also creates a platform for SEACOM to deliver affordable, high-speed Internet connectivity and cloud services to traditionally-underserved mid-tier cities and towns along the new routes.
Having delivered true 100G services to customers earlier this year across South Africa, as well as on SEACOM's international sub-sea segment, SEACOM retains a focus on supporting customers by providing services that use the most-advanced and cost-effective technology. This further helps to position SEACOM as a partner to South African businesses and organisations across Africa, by thoroughly equipping them for competitive performance in the Fourth Industrial Revolution.