Vumatel, the fibre-to-the-home broadband provider in South Africa, is expanding its activities over KwaZulu-Natal market upon acquiring Estate Connexions (ECX), the Durban-based fibre company.
Commenting upon the acquisition, Niel Schoeman, the CEO of Vumatel, said: “The acquisition allows Vuma to develop a footprint in Kwa-Zulu Natal and contributes towards our vision of building a connected South Africa”.
Further, he said: “ECX builds high-speed open-access fibre-optic networks. Similar to Vumatel, the company installs the infrastructure and allows Internet service providers to compete freely over the open-access infrastructure to provide Internet services to the customer”.
At the other end, Arthur Beavon, the CEO from ECX is convinced: “The investment by Vumatel is a vote of confidence in what ECX has achieved to date. We are excited to bring Vuma to Durban and continue to provide Kwa-Zulu Natal with high speed open access fibre”.