center3 Acquires CMC Networks
December 20, 2023
center3, a subsidiary of stc Group, has signed a definitive agreement to acquire CMC Networks from the Carlyle Sub‑Saharan Africa Fund (CSSAF). The deal expands center3's digital infrastructure and connectivity footprint across Africa and the Middle East by integrating CMC's pan‑African network, managed services and cloud/edge capabilities.
- Buyers
- center3
- Targets
- CMC Networks
- Sellers
- Carlyle Sub-Saharan Africa Fund (CSSAF)
- Industry
- Telecommunications
- Location
- Gauteng, South Africa
- Transaction Type
- Buyout
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