Convergence Partners – an investment management firm focused on the telecommunications, media and technology sector in Africa – today announced the launch of the Convergence Partners Communications Infrastructure Fund (CPCIF), the only infrastructure fund that is dedicated solely to the information and communications technology (ICT) sector in Africa. With a first close of $145 million, it is one of the largest African based infrastructure funds, notwithstanding its single sector focus.
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.
Britehouse, a Dimension Data company and a long-standing SAP hosting and cloud services partner in South Africa, announced its status as an SAP channel partner authorised to resell the SAP® Business One Cloud solution on the African continent. SAP Business One Cloud, previously SAP Business One OnDemand, is a comprehensive, managed software platform for multiple businesses sharing the use of common computing resources that are centrally hosted and managed.
Mark Tinka, Head of Engineering at Seacom, a Convergence Partners investee, says that telecommunications regulators and African governments need to clear away the red tape and regulatory risks around putting fibre in the ground to encourage network operators to invest in sinking fibre into the ground for terrestrial long-distance and last mile connectivity.
Convergence Partners’ investee, SEACOM, has signed an interconnection agreement with Epsilon Telecommunications. With SEACOM preconnected, Epsilon can offer its customers network connectivity to Africa via the SEACOM network as well as carrying African telecommunications traffic globally. Customers of SEACOM in turn have access to Epsilon’s 450+ preconnected network operators around the world.
Seacom, a Convergence Partners investee company, has launched a new company called Pamoja, to offer small and medium-sized enterprises the ability to provide cloud computing-based services to their customers without the capital outlay such services usually require. Pamoja is the Swahili word for “together” and is Seacom’s effort to increase the use of such services in Africa
Plessey, an African provider of telecommunications infrastructure solutions, has completed the building of installation sites for the “Northern Ring” of state-owned Broadband Infraco’s new national network. Broadband Infraco was founded with the purpose of improving market efficiency in the long distance connectivity segment by increasing the availability of long distance network infrastructure and capacity, stimulating private sector development and innovation in telecommunications services and content offerings, and providing long distance national and international connectivity to previously underserviced areas.
Pan-African ICT enabler SEACOM has made a generous commitment to provide KINU, a Tanzanian non-profit ICT innovation hub with 30mb of free Internet capacity for a one year period. This will assist with improving the speed and quality of KINU’s Internet connectivity, which will in turn improve the efficiency of the start-up ICT enterprises they develop.
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.
SEACOM, the pan-African ICT enabler, today announced the appointment of Byron Clatterbuck as its Chief Commercial Officer (CCO) with immediate effect. An industry veteran with more than 15 years’ experience in the telecommunications industry, Byron Clatterbuck has held a number of senior international executive positions during his career, most recently as President of Tata Communications’ Global Service Provider Segment, a company operating the largest private subsea cable system network in the world.