In a strategic move to fortify its digital infrastructure, Center3, a subsidiary of the stc Group, has unveiled plans to acquire CMC Networks, a leading provider of network solutions spanning Africa and the Middle East. The acquisition, outlined in a definitive agreement, underscores Center3’s commitment to growth and expansion in key markets, positioning itself as a major player in the region.
Center3’s Strategic Leap
Center3’s move to acquire CMC Networks aligns with its vision for sustained growth in the Middle East and African markets. The acquisition is seen as a significant step toward extending Center3’s market presence and leveraging CMC Networks’ extensive network reach, diverse capabilities, and high-value customer base.
CMC Networks’ Pan-African Dominance
Boasting a network that spans over 110 service locations, CMC Networks claims the title of the largest pan-African network, servicing a remarkable 51 out of 54 African countries and 12 countries in the Middle East. The company’s regional hubs strategically dot key interconnect locations across Europe, the Americas, and the Asia Pacific.
Center3’s Visionary Commitment
Center3 expressed enthusiasm about the strategic alignment between its digital infrastructure and CMC Networks’ global footprint. The acquisition represents a synergistic opportunity to enter key markets with substantial growth potential, echoing Center3’s conviction in Africa’s pivotal role in its future growth.
Digital Infrastructure Synergy
Marisa Trisolino, Group CEO of CMC Networks, shared her excitement about the merger, emphasizing a shared vision for expansion in the African market. The collaboration aims to foster innovation, elevate customer service, and unlock new growth opportunities in both the African and Middle East markets.
Acquisition Details and Outlook
CMC Networks, previously under the Carlyle Sub-Saharan Africa Fund (CSSAF), is now set to be acquired by Center3. The acquisition is subject to customary conditions and approvals, according to the joint statement. Bringing the teams of Center3 and CMC Networks together is anticipated to create a powerhouse in network solutions, positioning the combined entity for sustained success.
