Page 21 - SAMENA Trends - December 2023

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MEMBERS NEWS

Center3 Acquires CMC Networks to Expand in
Africa and Middle East

stc Group subsidiary centre3 is acquiring the company’s journey to extend its market commitment to enter key markets with
CMC Networks, a global service provider presence and enhance its offerings in this significant growth potential. Our previous
offering networking solutions across dynamic and rapidly growing region. CMC investment in 2Africa Cable, coupled with
Africa and the Middle East. CMC Networks Networks is being acquired from the Carlyle this acquisition, underscores our conviction
operates across more than 110 service Sub-Saharan Africa Fund (CSSAF). In 2020, in Africa's essential role in center3's future
locations with a cost-effective, scalable, the CSSAF team formed a separate private growth.” Marisa Trisolino, Group CEO of CMC
and resilient data communications equity firm, Alterra Capital Partners, which Networks, said: "This acquisition will bring
network. It services 51 out of 54 countries continues to advise CSSAF’s investments together the strengths of both companies,
in Africa and 12 countries in the Middle including CMC Networks. Fahad Alhajeri, fostering innovation, enhancing customer
East, plus regional hubs in key interconnect CEO at center3, said: "CMC’s enviable service, and providing new opportunities
locations across Europe, the Americas, and global footprint, high value customer for growth in the African and the Middle
Asia Pacific. The acquisition aligns with base and portfolio of capabilities is East market.” The acquisition is subject
center3’s strategic vision for growth and very complementary to center3’s digital to customary conditions and approvals.
expansion in the Middle East and African infrastructure and connectivity assets.
markets. It represents a significant step in This acquisition exemplifies our strategic

stc Conducts 5G-Advanced RedCap Use Cases Demonstration

stc Bahrain has announced a success- strategy. RedCap integrates seamlessly strategy has a huge potential; with moder-
ful demonstration of Reduced Capacity with 5G networks and enhances reliabili- ate speeds, low latency and adaptability to
(RedCap) use cases on its live network, ty, efficiency and scalability. Commenting IoT such as wearables, AR/VR and CCTV, it
showcasing the technology’s commer- on the trials, stc Bahrain CTDO Ahmed will provide reliable and efficient solutions
cial readiness and marking a milestone Al-Sharif said: ‘We believe that RedCap’s across various sectors, making a positive
in the company’s 5G and 5G-Advanced application in our 5G and 5G-Advanced impact on businesses and communities.’

21 DECEMBER 2023