Metrofibre networx
Frogfoot SA Acquires Link Africa’s FTTH Network
Abraham van der Merwe, CEO of Frogfoot Networks. Image sourced from ITWeb.com. Frogfoot, a licensed open-access infrastructure provider, has announced its acquisition of the Link Africa Western Cape FTTH (Fibre to the Home) network. The deal comes a few months after MetroFibre Networx purchased Link Africa’s FTTH network in Gauteng and KwaZulu-Natal. Frogfoot says in a statement that the deal will aid in solidifying the company’s position in South Africa’s Fibre Network market. “We are very excited about the acquisition of the Link Africa network in the Western Cape. In addition to growing our FTTH, FTTB, and FTTS customer base and footprint, this transaction also has some nostalgic value. Some parts of the network we are acquiring today was built through a joint venture between Frog...
MetroFibre’s South African Network Rollout Backed by Investec
Investec has taken charge of arranging R2.5 billion in debt funding for MetroFibre Networx, a South African fibre infrastructure provider. “There’s a massive demand for fibre connectivity in many outlying regions. Filling that gap makes sense not only from a business perspective but also from a socioeconomic upliftment standpoint,” says Wayne Edwards, Financial Director of MetroFibre. “In a growing and fiercely competitive market, the timely funding arranged by Investec, together with our recent R1.5 billion equity raise, will enable us to take fibre to more individuals and more businesses, giving them the opportunity to participate in the globally connected economy.” The funding agreement builds on an existing relationship between the two companies that dates back to 2016 when MetroFibre ...
