South Africa: Vumatel acquires Fibrehoods

28 October 2016

Mergers, Acquisitions and Financial Results

“The acquisition will help us accelerate and build a connected South Africa faster,” said Niel Schoeman, CEO of Vumatel.

Vumatel said it plans to complete its fibre infrastructure roll-out across Johannesburg by Q3 2017.

“The Fibrehoods network compliments Vumatel’s network footprint with little overlap. Through Fibrehoods, we gain more capability to expand into new suburbs quicker. There are also ancillary benefits that we gain from economies of scale.”

The companies will operate as separate businesses until integration is deemed appropriate.

The acquisition of Fibrehoods allows Vumatel to expand its fibre footprint into the following suburbs:

   Atholl

   Beverley Gardens

   Bordeaux North

   Bordeaux South

   Bryanston Ext. 3

   Craighall

   Craighall Park

   Dunkeld

   Dunkeld West

   Elton Hill

   Illovo

   Inanda

   Lyme Park

   Norwood

   Oaklands

   Orchards

   Rivonia

   Savoy

   Vandia Grove

   Waverley

   Winston Ridge

Source: My Broadband 20 October 2016