19 April 2024
Bayobab has successfully completed the structural separation and transfer of fibre assets from sister company MTN Zambia.
“The successful sale-and-leaseback transaction with Bayobab Zambia, transferring MTN Zambia's fibre network, marks a pivotal first step in our targeted structural separation of fibre assets, as outlined in Ambition 2025 strategy,” said Ralph Mupita, president and CEO, MTN Group.
Bayobab specialises in fibre-optic networking and offers connectivity solutions. It currently owns more than 108,000km of fibre, with intentions to increase to 135,000km by the end of next year. The acquisition of MTN Zambia's fibre assets will enhance its operational capabilities by improving traffic management on its fibre networks and making bandwidth usage more efficient.
"The successful completion of the structural separation and transfer of fibre assets not only signifies a significant leap forward for Bayobab Zambia but also heralds great benefits for Zambia and its surrounding nine countries in the region,” said Frédéric Schepens, CEO of Bayobab Group. “This move reinforces our commitment to advancing connectivity across Africa and underscores our role as an open-access provider, benefiting all our partners,” said Scheepers.
