Richard Came buys into Conduct Telecoms
Former Dimension Data director, Richard Came has acquired a 10% shareholding in Conduct Telecoms, and will take up the position of chairman on the Conduct board from 1 May 2013.
Conduct Telecoms is a last-mile fibre-optic telecommunications operator which invests in open access fibre in the last-mile proactivley connecting commercial premises to dark fibre.
Conduct provides dark fibre to ISP’s rather than serving end users directly. Service providers utilise its open-access network to supply between 2Mbit/s and 1Gbit/s connections to businesses.
“There has been significant investment in both longhaul and metropolitan networks by the likes of [Dark Fibre Africa] and other operators to support the needs of the mobile operators,” Came said.
“This has created a tremendous potential capacity for bandwidth, but the means for ordinary businesses and citizens to access this remains limited.”
Came noted that this is mainly due to the cost to access this infrastructure that has remained prohibitive.
“Conduct is changing this. If we get it right, and it is a very real challenge for us still, Conduct will benefit not only the end user, but also the metro-networks as it drives utilisation of existing infrastructure,” Came said.
Conduct CEO Johan Pretorius said that the company is in talks with other investors and will be making announcements shortly.
“[Came] will be instrumental in our efforts to fast track the roll-out of last-mile fibre optics to key precincts in high density business areas,” Pretorius said.
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