South African fibre heavyweights in major push to expand into the United States
Myriad’s companies in South Africa include Reflex Solutions, Evotel, Link Layer, and Metrowatt.
Speaking to MyBroadband about their plans for the United States, Myriad Capital founder and CEO Greg Wilson said they see an opportunity to help disrupt the telecommunications landscape in the country. “You can’t rely on the fact that people will want to move because the technology experience is [as bad as we had it in South Africa before fibre],” Wilson said.“For example, you’ll see the sticker price saying $50 for an unlimited service — and then you look at the fine print, and there’s another $10 billing charge, and another $10 mandatory router charge,” he said.The US’s incumbent broadband providers are also infamous for poor customer service.
“Unless you’ve got the agility to deal with those problems on the ground, you can’t just wave a magic wand — even if you have the biggest chequebook in the world — to roll out infrastructure,” said Wilson. Wilson believes the fibre market in the US will evolve in much the same way, with smaller, regional players consolidating into ever-larger network operators.
“I certainly don’t have a desire to leave South Africa. I love South Africa. I’ve really got an amazing lifestyle here,” he said.
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