InFrontier Afghanistan Fund invests in Alef Technology
1 September 2017
InFrontier is delighted to announce a $3 million investment in Alef Technology, Afghanistan’s leading broadcast technical services and critical power company.
Alef Technology provides satellite communication and power solutions to corporate customers. Currently with 24 employees based in Kabul and with a presence in Dubai, Alef Technology provides technology infrastructure including high performance satellite connectivity through an exclusive partnership with YahLive, microwave towers and an interactive voice response hardware platform.
Alef Technology was established over 10 years ago by the founders and majority shareholders of the highly successful Moby Group, one of the region’s leading media groups.
InFrontier’s investment enables Alef Technology to grow its range of broadcast services, including managed Playout, to both the Afghan and international markets, providing a substantial cost saving to clients who will benefit from the experience of Alef Technology’s team in Kabul and providing a major growth opportunity for the company.
“This investment underscores InFrontier’s strategy of backing the best teams and the fastest growing companies in Afghanistan.” Felix von Schubert, Director InFrontier Ltd.
Coinciding with the InFrontier investment, Alef Technology has announced the appointment of experienced broadcast and technology business leader, David Treadway as the company’s new CEO. David has held senior positions in MX1, where he was Chief Business Officer for TV distribution, and at WRN Broadcast where he was CEO and responsible for leading the company’s growth and successful exit.
“This is a tremendous opportunity for Alef to extend its industry leading position in Afghanistan whilst growing its international business in the broadcast services and technology sector.” David Treadway, CEO Alef Technology.
Whilst InFrontier has been active in Afghanistan since 2013 and has made a number of successful standalone investments, this transaction represents the first ever investment by a private equity fund in Afghanistan.
About Alef Technology
About InFrontier Ltd