South African companies acquire INTRA stake

14 Sep 2009

South Africa’s Internet Solutions (IS) and Convergence Wireless Networks (CWN) have announced that they have collectively acquired a 68.5% equity stake in a Mozambique-based internet service provider (ISP), INTRA, mybroadband.co.za reports. The deal forms part of IS’ East-African expansion initiative aimed at capitalising on the recently launched SEACOM cable. The company plans to refit INTRA’s 20 base stations in Maputo and install a latest generation MPLS network, which will then enable the high capacity core backbone to connect into the SEACOM landing station. Existing Maputo based IS satellite customers will be transferred to a cable-based Virtual Private Network/MPLS network, while a V-Sat hub will be deployed in Maputo to connect outlying areas in the north, as well as customers in Zambia, Zimbabwe, Malawi, Angola and parts of South Africa. Hillel Shrock, Business Solutions Director at IS, said: ‘Securing a presence in Mozambique is important as the country is strategically significant due to its geographical relevance to South Africa. The country also provides an ideal base to reach various landlocked African countries along Mozambique’s and South Africa’s borders, as it is only 200km wide. This is key to developing our business into Uganda and Tanzania and growing our existing business in Kenya.’ Karim Premji, chairman of INTRA, added: ‘IS will utilise this wireless infrastructure to service the established SME and the growing corporate market in Mozambique. The INTRA business division that serves these markets will therefore be rebranded as IS Mozambique, while the INTRA brand will remain operational in the Mozambican consumer market.’

Mozambique