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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Acquisitions»Bayobab completes acquisition of MTN Zambia’s fibre assets
    Bayobab CEO Frederic Schepens

    Bayobab completes acquisition of MTN Zambia’s fibre assets

    0
    By Tapiwa Matthew Mutisi on April 18, 2024 Acquisitions, Africa, Business, Internet, News, Technology, Telecoms, Wireless Connectivity

    Bayobab, a company specializing in digital infrastructure, has announced the successful completion of a key organizational restructuring by separating and acquiring fibre-optic assets from its affiliate, MTN Zambia. The announcement was made by Bayobab, which operates under the MTN Group umbrella, and marks a significant step in its efforts to pursue strategic growth initiatives consistent with the Ambition 2025 strategy set by the parent group.

    The group’s President and CEO, Ralph Mupita, articulated the importance of this move, highlighting it as a crucial initial phase in the company’s broader plan for structural separation of fibre assets, which is a core component of the Ambition 2025 strategy. This strategic move is geared towards enhancing the company’s focus and efficiency in its sector.

    Bayobab’s core business revolves around fibre-optic technology, with a portfolio offering expansive connectivity solutions. The company currently boasts an impressive fibre network that extends over 108,000 kilometres. With the fresh acquisition of fibre assets from MTN Zambia, Bayobab aims to further bolster its infrastructure, with targets set to extend its network to 135,000 kilometres by the end of the following year.

    The integration of the fibre assets from MTN Zambia into Bayobab’s operations is expected to significantly elevate the company’s network performance. The acquisition is set to improve traffic handling on Bayobab’s fibre routes and optimize the usage of bandwidth, thereby enhancing the overall efficiency and reliability of its digital services.

    2Africa subsea cables lands in Ghana and Nigeria by Bayobab

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    Acquisition Africa Bayobab Business connectivity Fibre connectivity Investments MTN Zambia Technology Telecommunication telecoms
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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