center3, a wholly owned subsidiary of the stc Group, has officially announced that it has completed the acquisition of CMC Networks Mauritius (100%) and CMC Networks South Africa (49%). CMC is a global service provider offering market-leading networking solutions across Africa and the Middle East.
CMC Networks operates across more than 110 service locations with a cost-effective, scalable, and resilient data communications network. It boasts the largest pan-African network, servicing 51 out of 54 countries in Africa and 12 countries in the Middle East, as well as regional hubs in key interconnect locations across Europe, the Americas, and the Asia Pacific.
The acquisition aligns with center3’s strategic vision for growth and expansion in the Middle East and African markets. It represents a significant step in the company’s journey as it seeks to extend its market presence and enhance its offerings in this dynamic and rapidly growing region.
Furthermore, CMC Networks is being acquired from the Carlyle Sub-Saharan Africa Fund (CSSAF). In 2020, the CSSAF team formed a separate private equity firm, Alterra Capital Partners (Alterra), which continues to advise CSSAF’s investments, including CMC Networks.
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