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27 November 2024

MetroFibre

Based in South Africa, MetroFibre is an operator specialising in providing open access fibre networks to homes (FTTH) and businesses (FTTB). STOA has been a shareholder since 2019, with the aim of reducing the digital gap and stimulating growth in South Africa.

Challenges

In South Africa, more than 28% of the active population was unemployed in 2019. In this context, the telecom sector is a powerful driver of economic growth and job opportunities. By narrowing the digital gap, it also facilitates access to employment for vulnerable populations.

The Project

A fast-growing company in a dynamic market, MetroFibre is the third-largest fibre-optic network operator in South Africa, with more than 500,000 households passed. To meet growing demand and reduce the digital divide in the country, the company launched a new offering in 2023 to meet the needs of modest households and disadvantaged areas.

STOA’s support will enable MetroFibre to invest more than 2 billion South African rand in its core network to improve its services to both individuals and businesses. Customers will benefit from improved access to Internet infrastructure and reliable, high-quality products.

Contributing to Social Inclusion

As a shareholder, STOA actively participates in MetroFibre’s ESG Committee, which monitors environmental, social and governance risks and CSR activities. There is a particular focus on inclusion, particularly in terms of gender equality.
Our contacts at STOA are always constructive, committed and very supportive of our management. We are grateful to have a partner like STOA to support our vision.

Jan-Jan Bezuidenhout, CEO of MetroFibre

Key Facts

Company: MetroFibre

Infrastructure: Digital – Fibre

Geographic Area: South Africa

Stake: 24.6%

Since: 2019

Co-shareholders: AIIM, Levoca

See Project News
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