African telecoms and subsea connectivity provider, Seacom, has disclosed the strategic acquisition of FibreCo, to boost the company’s reach in Southern Africa.
Fibreco provides nationwide connectivity and operates a nationwide dark fibre network in South Africa. The acquisition will enable Seacom to bolster its business and enterprise service offering in Africa.
According to Seacom, “The acquisition enables the delivery of high-speed Internet connectivity and cloud products into smaller cities and towns across the country, which have typically been under-serviced.”
Seacom is looking forward to extending its regional footprint across Africa, and the acquisition of Fibreco will enable the company to better propel itself for the introduction of 5G services in the coming years.
The African telecoms and subsea connectivity provider stated, “This acquisition represents another major milestone towards Seacom achieving its vision to expand its African footprint through the consolidation of fibre assets. Seacom believes this is necessary for the evolution of the market, particularly as we move into the 5G environment with its requirement for pervasive fibre networks.”
To recall, Seacom is a submarine cable operator with a network of submarine and terrestrial high-speed fibre-optic cable that serves the east and west coasts of Africa. Seacom’s reach extends into Europe and the Asia-Pacific via India.