ShapeShifter

Meet Niel Schoeman, hellbent on bringing high-speed fibre connectivity to all

(Click here for more from Bruce Whitfield's "The Money Show".)

Niel Schoeman is the CEO of Vumatel; a FTTH (fiber-to-the-home) telecommunications provider.

Vumatel offers high-speed and open access internet using fibre broadband connectivity in partnered neighborhoods known as "fibrehoods".

To date Vumatel is present in Parkhurst, Greenside, Parktown North, Killarney, Riviera, Saxonwold and Parkwood.

Vumatel has made its way into 42 suburbs in certain parts of Johannesburg and Cape Town.

We live in exciting tech driven times and fibre connectivity is changing the way many people and businesses go about their daily lives.

Niel Schoeman, Vumatel CEO

Vumatel is tipped to spend around R3 billion in the next few years to roll out home fibre to 200 000 homes in 100 suburbs across South Africa.

Listen to the audio or watch the video (scroll down) for more detail.

We experiment in business parks. It’s a lot simpler than fibre to homes.

Niel Schoeman, Vumatel CEO

More than half of people in Parkhurst subscribe to Vumatel.

Niel Schoeman, Vumatel CEO

Suburbs adjacent to Parkhurst will be ready in a couple of weeks. There are about 10 suburbs that will be done by the end of the year.

Niel Schoeman, Vumatel CEO

We make money by leasing the lines to service providers that on-sell it to consumers.

Niel Schoeman, Vumatel CEO

Ten years from now; imagine how much bandwidth you might need!

Niel Schoeman, Vumatel CEO

A lot of competitors have come out of the woodwork. There’s a deployment race.

Niel Schoeman, Vumatel CEO

Research shows that investment in connectivity infrastructure gets you more bang for buck than any other investment in social causes.

Niel Schoeman, Vumatel CEO

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