[ Cape Town | ITWeb, 5 August 2009 ] - Cybersmart is flexing its muscles as an emerging telecommunications company by negotiating with the big players to land international bandwidth directly in Cape Town.
It is also entering the WiFi hotspot space, by buying a stake in Skyrove.
“Skyrove is agnostic in its deployment of its systems and the model is one of revenue sharing with the clients. With the ADSL product, we are dependent first on our marketing, and then the ability and willingness of another party to install it,” Fialkov says.
Henk Kleynhans, Skyrove CEO and founder, says the deal with Cybersmart is structured over two years and based on a Skyrove valuation of R12 million.
“The final value and stake that Cybersmart will eventually get depends on various targets and warranties being met, so we cannot yet say just what the final cost of the deal will be,” he says.
Both Kleynhans and Fialkov say the deal shows consolidation is beginning to happen in the market, especially among the smaller players.
“I would rather call it convergence,” Kleynhans notes.
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It is also entering the WiFi hotspot space, by buying a stake in Skyrove.
“Skyrove is agnostic in its deployment of its systems and the model is one of revenue sharing with the clients. With the ADSL product, we are dependent first on our marketing, and then the ability and willingness of another party to install it,” Fialkov says.
Henk Kleynhans, Skyrove CEO and founder, says the deal with Cybersmart is structured over two years and based on a Skyrove valuation of R12 million.
“The final value and stake that Cybersmart will eventually get depends on various targets and warranties being met, so we cannot yet say just what the final cost of the deal will be,” he says.
Both Kleynhans and Fialkov say the deal shows consolidation is beginning to happen in the market, especially among the smaller players.
“I would rather call it convergence,” Kleynhans notes.
Click here to read all.
