AKFED’s Seacom telecom business poised for major growth through acquisitions

Seacom’s shareholders include Remgro (30%), Sanlam (15%), Convergence Partners (15%), Kenya’s Aga Khan Foundation (30%) and founder Brian Herlihy (10%).

The submarine cable operator, which has a network of submarine and terrestrial high-speed fibre-optic cable serving the East and West coasts of Africa.

seacom

Seacom targets acquisitions as it eyes fibre-to-the business

By Staff WriterNovember 30, 2016

Seacom targets acquisitions as it eyes fibre-to-the business

Seacom says it will pursue acquisitions as it looks to target fibre-to-the business in metro areas in South Africa.

Speaking to journalists at the group’s head office in Johannesburg on Wednesday, CEO Byron Clatterbuck said: “We are looking for partners through acquisitions.’

Seacom’s shareholders include Remgro (30%), Sanlam (15%), Convergence Partners (15%), Kenya’s Aga Khan Foundation (30%) and founder Brian Herlihy (10%).

Seacom currently leases dark fibre from a number of providers, and will also look to trench its own fibre in certain areas as it targets growing commercial parks. “Last mile is the key value capture,”said Clatterbuck.

“In our industry, you need to capture as much revenue as you can…get as much traffic on your network as you can,” he said.

The submarine cable operator, which has a network of submarine and terrestrial high-speed fibre-optic cable serving the East and West coasts of Africa, launched its enterprise unit at the back end of last year.

The company said it has signed up 1,000 direct and indirect customers since its launch in October 2015, including Allan Gray, Outsurance, Dischem, Alexander Forbes, Prudential, and Coronation.

 

Discover, Explore and Learn more via:

 


Research, Insight & Perspective by A. Maherali


 

Earlier & Related

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s