SEACOM expands South African fiber footprint with FibreCo acquisition
SEACOM, which operates the submarine network of the same name as well as other undersea and terrestrial networks in Africa, says it has reached a purchase agreement to acquire South African fiber-optic network operator FibreCo Telecommunications. Terms of the acquisition, conducted through affiliate SEACOM South Africa, were not disclosed. The deal is subject to approval by the South African Competition Commission.