What we do: Hero Telecoms (Pty) Ltd provides wireless broadband services for home users and businesses. The company was incorporated in 2014 and is based in Stellenbosch, South Africa. Hero Telecoms is consolidating the Wireless Internet Service Provider market in order to provide fast internet to the entire South Africa at affordable prices

Ownership & Management: Hero Telecoms is currently owned by its founders and is managed by a strong management team. The company chairman is Alan Knott-Craig Jnr who is the former CEO of Mxit, Africa’s biggest social network and founder of World of Avatar, an investment house for mobile apps for Africa. Between 2003 and 2013 he co-founded and funded 17 companies in the TMT sector in Africa, including Cellfind, Lucky Mobile, iFind34600, COLV, World of Avatar, Toodu, FSMS, Triloq, 6th Line, Daily Maverick, ARC Telecoms, Pondering Panda, MorMor Media and Boom.fm.

Key financial indicators: Not provided. Private equity company, Medu Capital acquired a 15% stake in Hero Telecoms for R74.25 million making the company 20% black owned. The company is growing rapidly in the Wireless Internet Service Provider market given that it was only started in 2014.

Track record: Hero Telecoms has a strong partner, Medu Capital and strong alliances with Airband, Bronbergwisp and Snowball.

Client contact details: Tel: 27 21 882 9757 Email: info@herotel.com Address: 156 Dorp Street, Stellenbosch

Or contact us for free additional information at info@peafrinsights.co.za