MTN SA’s acquisition of Smart Village comes into effect today, making Smart Village a subsidiary of MTN.
MTN said the deal will expand its fibre-to-the home footprint across the country.
“Smart Village has an expansive fibre network that passes 29,000 homes and stands in Gauteng, the Western Cape and KwaZulu-Natal.”
Smart Village will give MTN a presence in several gated estates and apartment blocks, business parks, and shopping malls.
MTN said the deal will also bolster MTN’s presence in the enterprise space by giving MTN Business the ability to provide wholesale access to 4,228 enterprises passed by Smart Village.
It will also ensure savings for customers as traffic gets routed via MTN’s backhaul infrastructure.
MTN said the deal will not impact any Smart Village employees.