BRCK has announced the take-over of its rival Surf as it seeks to grow its portfolio. The acquisition includes Surf’s US-based parent Ever-layer and extends BRCKS’s network to more than 2,500 hotspots across the two East African countries, the Nairobi- based company said in a statement.
Before the acquisition, BRCK had 1,500 hotspots. This is according to Director of Communication Christian Doyen. The buy-out makes BRCK one of the biggest public Wi-Fi networks in sub-Saharan Africa.
With the acquisition, Surf will maintain its name for three to six months after-which, it will be rebranded, and integrated to the Moja network.
Latest statistics from industry regulator, indicate that Kenya had 42.2 million active internet subscriptions as at September last year.
In January this year, BRCK embarked on fundraising for Sh1 billion ($10million) in equity and a similar amount of debt, this is according to Doyen.
He added that the exercise will end in June and most of the money will be spent on network expansion.