Investment opportunities for fellow Brics nations in infrastructure development and industrialisation in South Africa were valued at over R33-billion, or $3.5-billion, National Empowerment Fund (NEF) CEO Philisiwe Mthethwa told delegates on the opening day of the fifth yearly Brics Summit. Referring to the telecommunication sector, she said “the IDC had transactions under consideration worth $5.7-billion, which included FibreCo, a joint venture between Cell C, Convergence Partners and Dimension Data, and which was rolling out a long-haul open-access fibre-optic network”.
FibreCo Telecommunications, a joint venture between Cell C, Convergence Partners and Internet Solutions, has passed the halfway mark of the first link of its R5-billion national fibre-optic broadband network. The company said that the construction of 600 km of the targeted 1 000 km stretch from Johannesburg, through Bloemfontein, to East London has been completed.
FibreCo, the fibre-optic telecommunications infrastructure provider co-owned by Dimension Data’s Internet Solutions, Cell C and Convergence Partners, will begin work on the next leg of its network in the next three months to link the coastal cities of East London, Cape Town and Durban.
At a sod turning held today in Bloemfontein, FibreCo Telecommunications (FibreCo) broke-ground to start the construction phase of its much anticipated long-distance fibre optic network, which is set to revolutionise telecommunications in South Africa. The Company will invest up to R5 billion in infrastructure over the next five years, with a vision of ultimately building a network of over 12,000 km.
Construction has commenced on a 2,000 km link between Johannesburg and Cape Town, to be connected through Bloemfontein, East London and Port Elizabeth, and providing access to a wide range of rural and smaller urban areas along the route.
Convergence Partners Chairman, Andile Ngcaba, was named as TechCentral’s newsmaker of 2011 for his significant impact on South Africa’s technology sector over the past 12 months, topping an impressive list consisting of Pieter Uys, Mamodupi Mohlala, Karel Pienaar, Robert Gumede, Roy Padayachie, Lars Reichelt, Michael Jordaan, Pinky Moholi and Mteto Nyati.
FibreCo Telecommunications (“FibreCo”), a joint venture between Cell C, Convergence Partners and Internet Solutions, announced the awarding of a contract for construction of its nation-wide open-access fibre optic network. FibreCo’s objective is to facilitate affordable and reliable high-speed Internet access for South African citizens and businesses.
FibreCo Telecommunications (“FibreCo”), a partnership between Cell C, Internet Solutions and Convergence Partners, is making excellent progress with its plans for the deployment of its open-access long-haul terrestrial fibre optic broadband network in South Africa.
The project is on track with the geotechnical and environmental studies for the first routes already completed and the tender process moving ahead swiftly. A wide range of other essential elements relating to permitting, engineering, environmental management and development of detailed customer solutions are also ongoing.
Convergence investee FibreCo is pleased to announce that its new website is live! Please visit them on www.fibreco.co.za
Established in 2009 as a joint venture between Convergence Partners, Cell C, and Internet Solutions, FibreCo is deploying a state-of-the-art fully managed long-haul fibre optic terrestrial network across South Africa.
FibreCo Telecommunications (“FibreCo”), a partnership between Cell C, Internet Solutions and Convergence Partners, announced today that it will be developing an open-access long-haul terrestrial fibre optic broadband network as an answer to the need for national transmission infrastructure to meet the nation’s aspirations for world-class broadband connectivity.
FibreCo brings the ability to fund, deploy and manage a cost-effective high speed long-haul fibre network which will support the explosive growth in bandwidth requirements of the country anticipated over the coming years.