Internet service provider (ISP) TooMuchWifi is looking to affordably connect South African townships. Networking WiFi RocketInternet
is looking to affordably connect South African townships.TooMuchWifi is a wireless ISP developed specifically for low-income individuals and SMEs in under-served communities.
In an e-mail interview with ITWeb, Tauriq Brown, new CEO of TooMuchWifi, says as a nation, South Africa must ensure everyone has equal access to the benefits of the internet because without connectivity, people fall behind and the digital divide becomes an economic divide. He has started and successfully sold ventures for Rocket Internet, a global internet and tech incubator with a market cap of $3.7 billion, including an exit to Alibaba.com, the Chinese online retail giant.
The company recently attracted a blend of debt and equity funding from the MIC, which now has a 24.85% stake in the business, as well as global impact investors Bamboo Capital Partners and others, to scale operations and bolster its executive team. “We started TooMuchWifi in 2016 to bring high-quality, reliable and affordable internet to underserved communities at a time when nobody else was focusing on this market. We always believed connectivity is a human right, and everybody deserves to be connected.”
He notes that oftentimes, when people in underserved communities have access to the internet, they are only offered a subpar connection that is asymmetrical and congested.
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