Seacom Planning More Buys, Expanding Into Smaller Cities Across South Africa

1 March 2019

Internet

Seacom will soon be expanding into small towns or cities across South Africa thanks to the acquisition of FibreCo and it will be buying more companies in order to scale up its business.

This was revealed by Grant Parker, general manager of Seacom Business, in an interview with TechFinancials.

“We are actively looking to expand our business,” he said.

“There is a couple of acquisitions we are looking at right now, watch the space. There’s the talk of bigger things.”

He wouldn’t be drawn into providing more information, except to say “I can’t talk about it at this time, but really exciting times”.

“We want to make sure that we get anchor tenants in the right smaller cities or towns.”

Grant Parker, general manager of Seacom Business

Seacom, which provides connectivity to enterprises, will make more acquisitions to beef up its business.

The Johannesburg-based company is finalizing the acquisition of 100% of national fibre operator FibreCo Telecommunications. The deal is awaiting regulatory approval by the country’s competition watchdog.

The acquisition gives Seacom Business a national footprint.

FibreCo connects over 60 points of presence across South Africa, including data centres in Bloemfontein, Cape Town, Durban, East London, Johannesburg, and Port Elizabeth.

FibreCo’s network also connects the SEACOM subsea cable system (which lands in Mtunzini on the east coast of South Africa) to the WACS cable (which lands at Yzerfontein, on the west coast of South Africa), enabling fully redundant high-speed ring protection for diversity around the African continent.

Source: TechFinancials