Vox-owned fibre broadband provider Frogfoot Networks has acquired the network assets and customer base of Blitz Fibre and entered into a deal with the company to accelerate the roll-out of fibre in multi-dwelling units across South Africa.
Blitz Fibre has a presence in Gauteng, the Eastern Cape and KwaZulu-Natal and focuses on building fibre infrastructure in multi-dwelling residential and business complexes, as well as small and large scale business parks.
“Frogfoot encountered Blitz in Port Elizabeth and Richards Bay, and instead of duplicating the fibre network, we decided to partner with them,” said Frogfoot CEO Abraham van der Merwe in a statement.
“We were impressed with the Blitz team’s ability to secure and build multi-dwelling units and their ability to scale in such a short space of time and this was one of the key drivers of the acquisition.”
According to Van der Merwe, the transaction includes the acquisition of Blitz Fibre’s network and existing customer base, but not the company itself. “Blitz will continue to operate as is and will focus on acquiring and building multi-dwelling units for Frogfoot on an exclusive basis,” he said.
The deal will result in another 15 000 homes being passed by Frogfoot fibre infrastructure, bringing total homes passed to 102 000. — © 2019 NewsCentral Media