Vumatel acquires Fibrehoods

Monday 24 October 2016 | 11:06 CET | News
South Africa's Vumatel has acquired Fibrehoods, with the terms of the deal not disclosed, reports Mybroadband. Niel Schoeman, CEO of Vumatel said it plans to complete its fibre infrastructure roll-out across Johannesburg by Q3 2017. The Fibrehoods network compliments Vumatel's network footprint with little overlap. Through Fibrehoods, the firm said it gains more capability to expand into new suburbs quicker, noting that there are also ancillary benefits that they gain from economies of scale.

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Categories: Fixed
Companies: Vumatel
Countries: South Africa
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