Speaking at an industry panel organised by Vodacom subsidiary Gateway Communications, Ngcaba said that far too much telecommunications traffic continues to be routed via London instead of remaining in Africa.
Convergence Partners is an investor in a range of telecoms infrastructure projects, including FibreCo, which recently began building a national fibre network, and Seacom, the undersea cable along Africa's east coast. The company is also a shareholder in the Intelsat New Dawn satellite, which was launched last year to serve African markets.
Ngcaba said on Tuesday that most undersea and satellite providers still want to "terminate" their telecoms traffic in Europe. "Most satellite teleports, even for intra-Africa traffic, sit in Europe," he said.
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