HeroTel expands into the Free State with the acquisition of Ntelecom in Bloemfontein

4 January 2019

Mergers, Acquisitions and Financial Results

Hero Telecoms (HeroTel) is proud to announce the acquisition of Ntelecom, a Bloemfontein based VoIP and Wireless Internet Service Provider (WISP), for an undisclosed amount. Ntelecom provides reliable, high-speed internet connections via both wireless and fibre. They cover a large part of the Free State, including Bloemfontein, Phillipolis, Ficksburg and as far west as Koffiefontein, with plans to expand to Welkom and Kimberley during 2019.

Jaco and Bernie Van der Walt (no relation) founded the business in 2008 after attempting to source a new telephone system for their computer wholesale business. The process introduced them to the world of VOIP. From there the business expanded into building and selling last mile wireless networks, growing quickly to 32 staff members, servicing both home and business clients across the province.

“We are very excited to expand our business into the Free State”, commented HeroTel Chairman Alan Knott-Craig, in an exclusive interview with ITWeb. “We have been looking for a while for the right partner in this part of the world. Jaco and his team at Ntelecom share our vision of a future where everyone is connected. There is a tremendous amount of work to do in addressing the historic underspend by the Telco industry in the Free State. We believe that we have found partners with the drive and energy to tackle this task. We look forward to seeing the difference that they can make with fresh capital and additional skills behind them.”

HeroTel Chief Financial Officer, Francois Wessels, commented: “We are very pleased to have concluded our deal with Ntelecom. Their team is smart, energetic and keen to grow their operations into new areas. It is an excellent base for HeroTel to expand into Bloem and the rest of the Free State. Together we can open exciting new markets with fibre and wireless deployments, bringing fast and affordable internet to the cities and rural communities there.”

“Ntelecom was built on the principles of self-discipline and consistency; values which we share with HeroTel”, says Ntelecom General Manager, Rudi Van Der Walt. “We have always wanted to expand beyond our current base, but it was a constant choice between continuous investment into our existing network or new frontiers. With HeroTel we now have the backing to be able to do both.”

Ntelecom is the 32nd acquisition that the group has completed and in line with its strategy to date, there are no planned changes to management or staff at the company.

The HeroTel Alliance now has expanded coverage via its WISPs in Gauteng, the North West, Free State, Limpopo, Mpumalanga, the Western Cape, KwaZulu-Natal, the Eastern Cape and surrounds, making it South Africa’s largest wireless Internet service provider and one of the fastest growing fibre players in the country.

Source: Press Release