Mobile operator MTN South Africa has concluded a deal with MultiChoice to acquire its wholly-owned subsidiary Smart Village, which provides fibre-optic access in gated communities, for an undisclosed sum, BusinessTech writes. Smart Village’s fibre-to-the-home (FTTH) network currently passes 29,000 residential homes in Gauteng, the Western Cape and Kwa-Zulu Natal (KZN). The acquisition will reportedly accelerate MTN’s FTTH strategy and provide it with fibre presence in the flagship areas of Waterfall, Jackal Creek, Xanadu Eco-Estate and Midstream Estates. MTN SA’s CEO Mteto Nyati added: ‘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.’ The deal is subject to customary approval from the relevant South African authorities.
Meanwhile, Metrofibre Networx (MFN) – which focuses on selling its MEF 2.0 services to South Africa’s service providers – is looking to raise ZAR500 million (USD35.6 million) in private equity from new investors in order to expand its fibre footprint and enter the FTTH market, with plans to open the funding round in November and close it in March 2016, TechCentral reports. CEO Steve Booysen said: ‘Metrofibre focuses on specific areas in Gauteng and in these areas we aim to install networks into the majority of estates and gated communities. Once all the approvals are done, we install a termination point into every unit with the permission of the owner. This enables quick activation of services should the owner decide to place an order at a later stage.’ The operator is targeting 50,000 live FTTH connections by December 2018.