Seacom completes its acquisition of FibreCo
The deal is set to expand Seacom's African footprint.
Seacom, a telecommunications services and infrastructure provider, has completed its 100 percent acquisition of fibre provider FibreCo after it was approved by the South African Competition Commission.
The deal, which was announced in November 2018 without its value being disclosed, is set to expand Seacom’s African footprint.
FibreCo owns and operates a national open access dark fibre network, providing infrastructure, connectivity and services across South Africa. FibreCo’s network runs along South Africa’s highest-traffic transmission routes and links all major South Africa cities.
Seacom CEO Byron Clatterbuck said the acquisition reaffirms Seacom as the provider of choice to local and international data communications customers. He added that the deal expands its wholesale portfolio to include dark-fibre infrastructure services in the metro and long-distance marketplace.
“We also plan to ‘light-up’ the FibreCo national infrastructure, enabling Seacom to deliver affordable, high speed-internet connectivity and cloud services to bandwidth-starved cities and towns along our new fibre routes. FibreCo’s customers will continue to experience the same high levels of service to which they are accustomed, with the added benefit that Seacom will make further investment into the network to expand its portfolio of services,” Byron said in a statement.
Through its continent-spanning fibre optic submarine cable system, Seacom connects South Africa to the east coast of Africa, India and Europe. It will now, through its affiliate Seacom South Africa, connect over 60 points of presence across South Africa, including major data centres in Johannesburg, Cape Town, Bloemfontein, Durban, Port Elizabeth and East London with 4 000km of owned intercity and metropolitan fibre.