Seacom has confirmed its intention to acquire EOH Network Solutions (EOH-NS) and Hymax, divisions of iOCO and part of EOH Holdings Limited (EOH), at an enterprise value in transaction of R144.9-million. According to a statement released by the company on SENS and to the media, EOH concluded agreements to divest of its Network Solutions business (‘EOH-NS’) conducted...
Seacom’s contribution to JSE-listed investment group Remgro’s headline earnings fell by 77% in the year ended December 2021, driven lower by increased operational costs and foreign exchange losses. Remgro owns an effective economic stake of 30% in Seacom, which operates undersea fibre assets and terrestrial fibre infrastructure in Southern and East Africa. The company has a...
This latest expansion comes on the heels of SEACOM’s recent acquisition of Kenyan service provider Hirani Telecom’s metro fibre network KAMPALA, Uganda, February 10, 2022/ — SEACOM (www.SEACOM.com), the pan-African telecommunications service provider, today announced it will acquire selected infrastructure assets from Africell in Uganda. The acquisition marks a significant step for SEACOM and is...
Seacom has confirmed it will expand its product portfolio and include SD-WAN & DDoS Protection as part of renewed commitment to bolster telecommunications services in Kenya. This follows a meeting the company had recently with Ezra Chiloba, Director General of the Communications Authority of Kenya (CA). Several industry issues were discussed including internet bandwidth, the...
Seacom has appointed Tejpal Bedi to the role of Managing Director and Regional Head of Sales for the ENEA region, effective from 1 November 2021. According to Seacom Bedi has a wealth of experience in leading and driving high performing organisations within the telecommunications and ICT sectors in East Africa. Before joining Seacom, he was...
Seacom, the company that built the first subsea fibre telecommunications cable to serve Africa’s east coast, has acquired the metropolitan fibre network of Kenya’s Hirani Telecom. The network will be incorporated into Seacom’s existing metro network in Nairobi, and will be under its full control, the company said in a statement on Wednesday. The value of...
Seacom, a fibre-led telecoms provider and owner of ICT infrastructure across Africa, has announced a 100Gbps upgrade for its internet protocol (IP) network. In a statement today, the company says this investment will allow internet service providers (ISPs), content delivery networks (CDNs), global and African providers to leverage Seacom’s network infrastructure to access the increased...
NETSCOUT SYSTEMS, a leading provider of security, service assurance, and business analytics has announced a new strategic partnership today with one of Africa’s leading broadband internet providers, SEACOM. This new strategic alliance aims to provide managed DDoS and security services to enterprise customers throughout Kenya and South Africa, as well as to Wholesale customers utilising...
Seacom’s Regional Managing Director for East and North East Africa, Tonny Tugee, has resigned. The company issued a statement late yesterday confirming the development, but offered little detail as to why Tugee had resigned and what his plans are going forward. Seacom said Tugee joined the company from Safaricom in 2017 as Head of Sales...
Remgro released its financial results for the year ended 30 June 2021, which revealed that Seacom improved its headline earnings by 360% over the last year. Seacom is best known for launching Africa’s first broadband submarine cable system along the continent’s Eastern and Southern coasts in 2009. Since then, the company has significantly expanded its...
