Metrofibre Networx, a tech company led by ex-Absa boss Steve Booysen, has secured a lucrative contract to be the preferred fibre supplier to Kyalami Estates, the company announced on Thursday. By Staff Writer
The deal is a big win for Metrofibre, one of South Africa’s fastest growing fibre company, against its smaller and bigger rivals.
Situated in Kyalami in Gauteng, Kyalami Estates was one of the first security estates established in South Africa and today the residents in its some 1100 homes enjoy 24-hour controlled access in an environment where urban convenience is housed in a rural environment with extensive parklands and a natural wetland.
With a footprint that now extends to Kyalami, Sunninghill, Barbeque Downs, Lonehill, Beaulieu, Heathcliff and Blue Hills estates, Glenferness, as well as parts of Paulshof, Sandton and Rivonia, Metrofibre is well positioned to be the primary fibre supplier to the northern suburbs of Johannesburg.
“We are delighted that the residents of Kyalami Estates and its home owners association elected to partner with us for their fibre needs,” states Jacques de Villiers, at Metrofibre Networx. “These customers will now be able to reap the full benefit of being able to browse the Internet faster, take advantage of video and television on demand services, chat via voice over IP (VoIP), play online games, host conference calls and even be able to speak to family and friends abroad as if they are in the room next door.”
The project will start towards the end of February, and it will be rolled out in a phased approach, The total financial outlay and investment from Metrofibre into the project is expected to be in region of R13 million.
Furthermore Metrofibre is partnering with its reseller partner RocketNet as the preferred service provider for the actual FTTH Internet Services. In support of the project RocketNet, have developed a series of highly competitive packages for “early bird subscribers”.
Metrofibre is supported by its active shareholder – Sanlam Private Equity (SPE).
In 2013 Sanlam invested in the managed open access fibre network and broadband fibre provider and has representation on the Metrofibre board. Sanlam invested in Metrofibre to grow its own fibre network, marking its first investment of this nature.
Metrofibre, which was founded in 2010, is looking to take a slice of the Fibre to the Home (FTTH) market, while also extending its globally compliant network and services to local service providers.
Metrofibre’s residential offerings include network connectivity that boasts speeds up to 1,000 megabits per second, facilitating super-fast downloads, streaming TV, unparalleled gaming as well as access to cloud solutions. The company has a series of packages suited for the small and home office, body corporates, and property developers.