HeroTel Overview
- Year Founded
-
2013
- Status
-
Acquired/Merged
- Employees
-
1,400
- Latest Deal Type
-
Buyout/LBO
- Financing Rounds
-
6
- Investments
-
13
HeroTel General Information
Description
Provider of wireless internet services dedicated to connecting South Africans to faster, more affordable internet. The company offers fiber, wire, and voice over internet protocol (VoIP) products, enabling users to avail fast internet usage with cost-effective plans.
Contact Information
Website
www.herotel.com(Operating Subsidiary)
Corporate Office
- The Woodmill, Vredenburg Road
- Devonvallei
- Stellenbosch, 7600
- South Africa
Corporate Office
- The Woodmill, Vredenburg Road
- Devonvallei
- Stellenbosch, 7600
- South Africa
HeroTel Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
HeroTel Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
HeroTel Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
HeroTel Investments (13)
HeroTel’s most recent deal was a Buyout/LBO with BreedeNet. The deal was made on 24-Jan-2019.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| BreedeNet | 24-Jan-2019 | Buyout/LBO | Internet Service Providers | ||
| Ntelecom | 12-Dec-2018 | Buyout/LBO | Internet Service Providers | ||
| Radioactive Telecommunications | 11-Sep-2018 | Buyout/LBO | Internet Service Providers | ||
| Koshcom | 09-Jul-2018 | Buyout/LBO | Telecommunications Service Providers | ||
| VTN Communications | 04-Jun-2018 | Buyout/LBO | Telecommunications Service Providers |
HeroTel Affiliates
Subsidiaries (7)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| LCom Communications | Queenstown, South Africa | 2011 | |
| Hi-Tech Wireless | Middelburg, South Africa | 2010 | |
| Sonic Telecoms | Cape Town, South Africa | 2010 | |
| Xpress Networks | Nelspruit, South Africa | 2005 | |
| Radioactive Telecommunications | Hoedspruit, South Africa | 2004 |
HeroTel FAQs
-
When was HeroTel founded?
HeroTel was founded in 2013.
-
Where is HeroTel headquartered?
HeroTel is headquartered in Stellenbosch, South Africa.
-
What is the size of HeroTel?
HeroTel has 1,400 total employees.
-
What industry is HeroTel in?
HeroTel’s primary industry is Telecommunications Service Providers.
-
Is HeroTel a private or public company?
HeroTel is a Private company.
-
What is HeroTel’s current revenue?
The current revenue for HeroTel is .
-
How much funding has HeroTel raised over time?
HeroTel has raised $64.1M.
-
Who are HeroTel’s investors?
Medu Capital and Montegray Capital have invested in HeroTel.
-
When was HeroTel acquired?
HeroTel was acquired on 13-Mar-2025.
-
Who acquired HeroTel?
HeroTel was acquired by Maziv.
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