Vumatel, the South African fibre-to-the-home provider which counts Investec and Vantage Capital among its backers, is acquiring competitor Fibrehoods. Neither the value nor the terms of the deal have been disclosed.
According to a statement on Fibrehoods’ website, the two companies will initially operate as separate companies for the time being. Vumatel lays trenched fibre while Fibrehoods has been building an aerial fibre network which it will continue to deploy in the areas it is committed to.
The acquisition expands Vumatel’s access to a number of suburbs in Johannesburg, namely Atholl, Beverley Gardens, Bordeaux North, Bordeaux South, Bryanston Ext 3, Craighall, Craighall Park, Dunkeld, Dunkeld West, Elton Hill, Illovo, Inanda, Lyme Park, Norwood, Oaklands, Orchards, Rivonia, Savoy, Vandia Grove, Waverley and Winston Ridge.