South African fixed wireless connectivity and private network operator Comsol is entering the home broadband market as a wholesale provider of 5G infrastructure, backed by two new shareholders.
The entrance of Platform Investment Partners and privately held investment company Wimsey Capital followed the exit of Nedbank Private Equity from its investment in Comsol.
Convergence Partners, a major shareholder and long-standing investor in the business, together with Solcon Capital, is investing additional growth capital, while founder and CEO Iain Stevenson, through Mactavish Investments, retains his stake and is also investing additional capital into the company.
RMB arranged and provided an innovative and holistic funding solution that enabled the shareholder transaction and will support the business in its strategic capital expenditure roll-out plan.
The move gives South African Internet service providers (ISPs), mobile virtual network operators and other potential partners access to a standalone 5G-Advanced network purpose-built for fixed wireless access (FWA).
