HeroTel splashes R600m on acquisitions, eyes more

HeroTel has to date spent around R600 million acquiring over 40 owner-operated businesses, as part of its vision to bring affordable, Internet services to homes and businesses across SA.

Over the past five years, the local telco has been on an acquisition trail, buying businesses specialising in software platforms, Internet services, voice over Internet Protocol services, fibre and wireless services as part of its expansion strategy.

Founded in 2014 with the goal of providing fibre and wireless broadband services, the last mile telco, whosegroup chairman is Alan Knott-Craig Jnr, currently services around 83 000 homes and business in over 400 towns in SA.

Speaking to ITWeb, Van Zyl Botha, CEO and founding member of HeroTel, said the company recently consolidated its fibre assets and wireless Internet service provider (WISP) brands under the HeroTel brand name, as part of its ambition to strengthen its nationwide strategy.

“Over the last five years, HeroTel has been quietly acquiring over 40 businesses, which until now remained trading under their original brands. We are currently re-launching and re-branding these companies under a single brand and we are rolling out a national strategy with the purpose of connecting everyone in SA.

“Our plan has always been to unite these companies into a single national entity, which can then use its scale to bring about meaningful change to an industry that desperately needs a shake-up.”

The HeroTel Alliance now has expanded coverage via its WISPs in the North West, Gauteng, Limpopo, Mpumalanga, Western Cape, KwaZulu-Natal, Eastern Cape and surrounds, making it SA’s largest wireless Internet service provider.

Source: ITWeb Read more at source.

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