Octotel is focussed on becoming Cape Town’s largest Open Access Network focused on both Fibre To The Home (FTTH) and Business (FTTB). The company’s aim is to provide seamless fibre connectivity to over 100,000 Cape Town homes and businesses. Octotel’s services are affordable and reliable, offering a choice of services from 30 independent Internet Service Providers.
Fibre is widely acknowledged as the fastest and most stable technology for internet access, leading to fibre becoming the fastest growing fixed-line broadband access technology globally, with over 200 million subscribers and a 40% market share. Video streaming and cloud-based applications have led to a worldwide trends for households to demand ever-increasing access speeds, illustrated through the adoption rates of broadband speed offerings.
Access to broadband internet is seen as an enabler of economic activity and essential to ensuring that countries are able to keep abreast of their global counterparts. This investment by the Fund will allow for the accelerated deployment of high-speed internet infrastructure to residential areas, across which end-users are able to access third party content and services.