Fibertime Group Proprietary Limited

ongoing

Approximately 14 million (80% of the total) homes in South Africa remain unserved by fast and affordable internet. The traditional post-paid suburban FTTH (Fiber-to-the-home) model targets high LSM (Living Standards Measure) customers with long-term fixed contracts to guarantee revenue. This results in a high-cost post-paid model wholly unsuitable for township fibre, perpetuating South Africa’s digital inequality. The problem with micropayments is that they cannot feasibly be processed by credit card companies using traditional transaction fee-based systems. Fibertime Group is the parent company of Fibertime and Vulacoin. Fibertime provides a pay-as-you-go model of affordable and uncapped time-based open-access aerial fibre internet. Vulacoin provides a gateway for internet services providers to initiate micro digital payments at low costs for users to purchase internet and offer additional services through digital means. With Finnfund ‘s investment, Fibertime Group will expand their operations into new townships in South Africa and software developmentn.