MTN SA finalises Smart Village takeover

1 Dec 2016

Mobile operator MTN South Africa has finalised its acquisition of MultiChoice subsidiary Smart Village – which provides fibre-optic access in gated communities – with the ISP now a subsidiary of the group, TechCentral 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 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 said: ‘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.’

South Africa, MTN Group, MTN South Africa