center3, a wholly owned subsidiary of the stc Group, has completed the acquisition of 100 percent of CMC Networks Mauritius and 49 percent of CMC Networks South Africa.
The acquisition aligns with center3’s strategic vision for growth and expansion in the Middle East and African markets. Moreover, it represents a significant step in the company’s journey to extend its market presence and enhance its offerings in the rapidly growing region.
CMC is a global service provider offering market leading networking solutions across Africa and the Middle East.
South Africa-headquartered CMC Networks operates across more than 110 service locations. It has the largest pan-African network servicing 51 out of 54 countries in Africa and 12 countries in the Middle East. Moreover, it is present in regional hubs in key locations across Europe, the Americas and Asia Pacific.
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.
A global vision
center3 was created to fulfil Saudi Arabia’s vision of becoming a global data and communications hub, leveraging its strategic geographical position to link Europe, Asia and Africa, and to establish itself as a digital hub in the MENA region. Therefore, with its extensive network of data centers and submarine cable systems, center3 is uniquely positioned to provide its specialized services across the region.
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