Bayobab Zambia has announced the successful completion of the structural separation and transfer of fibre assets from MTN Zambia, marking a significant milestone in our strategic growth plans aligned with Ambition 2025 targets
MTN group president and CEO, Ralph Mupita, stated, "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. This decision underscores our dedication to spearheading growth, fostering innovation, and driving us toward the vision of a seamlessly connected and digitally empowered Africa."
Strategic network expansion impact
The acquisition of MTN Zambia's extensive fibre assets within Zambia will bolster Bayobab's operational capabilities, enhancing traffic management and bandwidth efficiency. This consolidation will elevate service quality, resilience, and latency, ensuring reliable, high-speed connectivity for customers across our network.
Bayobab Zambia aims to become a vital digital nexus in the region, with connections to seven neighboring countries—Angola, Tanzania, Botswana, Namibia, Zimbabwe, Malawi, and the Democratic Republic of Congo. The company is committed to transforming Zambia into a central digital hub in southern Africa, stimulating innovation and economic progress through continued expansion across the continent.
Frédéric Schepens, CEO of Bayobab Group, remarked, "We are delighted to reach this pivotal milestone in our journey. 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. This move reinforces our commitment to advancing connectivity across Africa and underscores our role as an open-access provider, benefiting all our partners."
With a proprietary terrestrial fibre network spanning 114,000 kilometers, poised to extend to 135,000 kilometers by 2025, Bayobab serves approximately 295 million African subscribers on the MTN network.
