MTN enhances fibre network foothold
By GIFT NDOLWANE
JOHANNESBURG, (CAJ News) – MTN has acquired Smart Village to accelerate the mobile operator’s fibre-to-thehome (FTTH) strategy.
The mobile network operator confirmed a deal had been concluded with MultiChoice for an undisclosed fee.
This transaction is subject to approval by the South African competition authorities in terms of the Competition Act.
Smart Village is a wholly owned subsidiary of MultiChoice that owns fibre networks in gated communities. Its expansive fibre network passes 29 000 residential homes and stands in Gauteng, the Western Cape and Kwa-Zulu Natal.
The acquisition will give MTN presence in more gated estates and apartment blocks, business parks and shopping malls. MTN’s FTTH footprint will also include the flagship and most-sought after estates of Waterfall, Jackal Creek, Xanadu Eco-Estate and Midstream Estates.
Mteto Nyati, Chief Executive Officer of MTN South Africa, said the acquisition of Smart Village provided MTN with the opportunity to cement its market leadership in the FTTH space and to make inroads in the enterprise sector.
“In the enterprise space, the deal will give MTN Business the ability to provide wholesale access to 4 228 enterprises passed by Smart Village, while ensuring substantial savings for MTN and its customers as traffic will be routed via MTN’s backhaul infrastructure,” Nyati said.
In terms of the deal, MultiChoice will continue to look after existing Smart Village customers until the deal is ratified.
In the last few months, MTN has ramped up its rollout of its FTTH network, and has expanded its fibre network footprint to some suburbs in Gauteng, Western Cape and Kwa-Zulu Natal.
– CAJ News
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