ViRural & C3 Announce US-Africa Telecommunications Merger

15 September 2017

Mergers, Acquisitions and Financial Results

ViRural Group Inc. (ViRural) and C3 Ltd (C3), leading providers of critical infrastructure services for African communities, has announced the merger of the two companies, creating a Pan-African Group top-level company called C3 Africa. C3 Africa extends critical infrastructure, renewable energy, and telecommunications services (including mobile phone connectivity) for urban and rural communities via solar energy and other alternative power sources. Industry pioneer Jim Forster, an early Cisco employee and distinguished engineer, will join the company’s board of directors. The merger is effective August 16th, 2017 and the companies have started the process of combining operations.

 

The new group will be privately held and operate under the brand C3 Africa and the national operations in Malawi under the C3 Malawi brand. Chris Schäke, C3’s co-founder and current CEO, has been promoted to Chief Technology Officer for group operations, C3 Africa. Richard Chisala, C3’s co-founder, has been named C3 Malawi’s Chief Technology Officer. Paul Talley, co-founder, Chairman, and CEO of ViRural Group, Inc. has been named Chairman and CEO of C3 Africa group. The headquarters for group operations will be in London while C3 Malawi’s operations will continue to be run out of the Blantyre and Lilongwe facilities.

 

“We are really excited about the merger. I think this is amazing because two organisations with a very similar vision and complementary skillsets and experience are joining forces” said Chris Schäke. “C3 has been reinventing the Internet in Malawi with an inclusive broadband strategy using hybrid fibre-wireless technology, fully solar powered base stations and robust cloud services. This has resulted in C3’s ability to provide significantly more affordable, more reliable, more ubiquitous and faster Internet services to urban and peri-urban communities. Thanks to this merger, we can now spread our award-winning business model across Africa and help close the urban-rural digital divide.”

Source: PR Web