Convergence Partners investee, FibreCo Telecommunications, has announced the completion of its state-of-the art, fibre-optic networks connecting Johannesburg, Bloemfontein, East London and Cape Town, providing the shortest and fastest optical fibre connectivity between these cities today.
The engineering and construction partners to Convergence Partners investee, FibreCo, won the award for the Project Management and Construction Project of the year 2013 at the SAICE annual awards. The consortium led by UWP Consulting, along with SRK, Nemai and Sivest/MCorp received the award for the efficiency in delivery of the project.
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.
Arif Hussain, CEO of FibreCo, a Convergence Partners investee, used his 40th birthday as an opportunity to raise more than R50,000 towards Save the Rhino International. As a result, Arif’s efforts were profiled in on the Save the Rhino’s facebook page. The theme of the evening was centred around this great cause, including a special rhino cake!
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.
Convergence Partners successfully participated as a sponsor and exhibitor at the 14th annual AfricaCom Conference, held in Cape Town on 9 and 10 November 2011. AfricaCom is the largest communications conference and exhibition on the Continent, gathering together more than 5,000 telecoms decision-makers. This is the second year that Convergence Partners has exhibited at the conference.
Exhibiting on the Convergence Partners’ stand was Comsol, FibreCo, Plessey and SEACOM with each of the companies presenting their offerings in the communications infrastructure space.