West Indian Ocean Cable Company Ltd.

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West Indian Ocean Cable Company Ltd. - overview

Established

2008

Location

-, -, Mauritius

Primary Industry

Telecoms

About

West Indian Ocean Cable Company Ltd. provides extensive open-access connectivity infrastructure to meet hyperscale demands across Africa, facilitating critical telecommunications services through a robust digital backbone. West Indian Ocean Cable Company Ltd. specializes in connectivity solutions, focusing on terrestrial and subsea fibre infrastructure.


Founded in 2008 in Mauritius, the company has made strategic moves to enhance its service offerings. The latest significant event was a recent Buyout round in November 2021, in which African Capital Alliance and management acquired the company for USD 200 mn, raising a total of USD 200 mn. The current CEOs are Chris Wood and Mohammed Bouhelal. WIOCC's primary offerings include extensive open-access connectivity infrastructure designed to meet hyperscale demands across Africa.


This encompasses a range of services such as terrestrial and subsea fibre connectivity, carrier IP transit, and colocation services. These solutions are tailored for a diverse client base including hyperscalers, cloud operators, content providers, and both fixed and mobile telecommunications operators, all aimed at enhancing their operational capabilities and expanding into new markets. By providing a robust digital backbone, WIOCC facilitates critical connectivity that supports various end-use cases, such as data center operations and high-capacity network services. The company's services are strategically positioned in key geographical markets across Africa, ensuring comprehensive coverage and connectivity for its clients.


WIOCC generates revenue through a structured model that encompasses B2B transactions, primarily involving wholesale connectivity services. Clients typically engage in partnerships or subscription agreements for the use of WIOCC's integrated digital infrastructure. Transactions center around commitments for long-term connectivity solutions, with clients paying for specific service levels based on their operational needs. Key offerings include flagship services such as hyperscale connectivity and colocation, which provide essential infrastructure for data centers.


Pricing structures vary based on factors such as bandwidth requirements and service duration, ensuring that WIOCC’s solutions align with the specific needs of its diverse clientele within the African market. The company aims to leverage its recent funding from the Buyout round in November 2021, amounting to USD 200 mn, to support its expansion across Africa. This expansion includes plans to enhance its digital infrastructure and develop new products tailored to the evolving needs of its clients. This strategic growth initiative is designed to accelerate WIOCC's capabilities in providing connectivity solutions, ultimately aiming to reach new markets and improve service offerings across the continent.


Current Investors

African Capital Alliance

Primary Industry

Telecoms

Sub Industries

Telecoms Towers & Infrastructure, Telecoms Providers & Services, Internet Service Providers

Website

www.wiocc.net

Verticals

Infrastructure

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

West Indian Ocean Cable Company Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedWest Indian Ocean Cable Company Ltd.-

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