Johannesburg, South Africa, February 7, 2017 – CMC Networks (CMC), Africa’s largest managed connectivity provider, today announced that The Carlyle Group (NASDAQ: CG), a Global Alternative Asset Manager, has acquired a majority shareholding of CMC. The transaction value exceeds $100 million (R1.4 billion) and Carlyle’s investment gives them a majority shareholding. Further financial details of the transaction were not disclosed.
CMC Networks were shortlisted for a best African project award in the Global Carrier Awards 2016.
This is what the judges said about the nomination:
“CMC Networks has a cost effective, scalable and resilient networks solution – this gives many local carriers the opportunity to work on a bigger network.”
We are proud to announce CMC Networks Inc, is a registered USA entity in the state of Virginia.
We have 3 full time employees with intentions to hire additional staff in the near future.
This allows CMC to offer additional support to USA clients, and an additional focus on CDN providers requiring connectivity in Africa and the Middle East.
Office Address - 46090 Lake Central Plaza, Suite 207, Sterling, VA, 20165, USA
Providing MPLS Services to Carrier Base and VNO Clients
into Ethiopia and Across the Globe
Washington DC (9th May 2016) – CMC Networks, a global telecommunications carrier serving the data communications needs of carriers and VARS into African and Middle Eastern countries, has expanded its global reach by opening a USA entity (CMC Networks, Inc.) with imminent plans to open an office within the Washington DC, Metropolitan area.
For more than 27 years, global telecommunications carrier, CMC Networks has served the data communications needs of wholesale carriers and clients on a global scale, through the provision of Ethernet, EoSDH, EoMPLS and DIA services.
CMC Network are proud to be sponsor’s for Open Access, committed to providing open access infrastructure for the further development of the Southern African Internet and telecommunications sector.
Access partner Open Serve, a Telkom initiative has extended their partnership with CMC to deliver self-provisioned fibre access in South Africa.
CMC welcomes this move as it opens the market further at a lower cost, thus ensuring clients have the budget and resource to afford 1st work connectivity into ever changing VASP products and designs.