NexaWave Fibre Networks — Implementation Roadmap & Gantt Chart

The implementation roadmap and Gantt chart - the phased build milestones and the critical path underpinning NexaWave.

NexaWave Fibre Networks Business PlanSection 17 › Implementation Roadmap & Gantt Chart

Section 17 · Business Plan

Implementation Roadmap & Gantt Chart

The implementation roadmap and Gantt chart – the phased build milestones and the critical path underpinning NexaWave.

The 60-month roadmap sequences five phases from financial close:
licensing and setup; Phase 1 metro build and commercial launch; Phase
2/3 provincial and township expansion with the second-round debt close;
SmartCity and margin scale-up; and national scale-up to exit readiness.
Dependencies are explicit — no build without wayleaves and licences; no
second-round debt without a seasoned, audited asset base and
homes-passed track record; no national scale-up until unit economics and
penetration are proven in Phase 1.

Figure 12
Figure 12 — 60-month implementation Gantt: phases, workstreams, dependencies and critical milestones

Critical milestones and dependencies

Month Milestone Dependency / gate
M6 ICASA ECNS/ECS licences granted; equity + senior/DFI debt close Incorporation, licence applications, anchor-investor commitment
M6–24 Phase 1 build — Gauteng & Western Cape metros Municipal wayleaves secured; contractor panels; NOC & OSS/BSS live
M12 Commercial launch — first homes passed, ISPs onboarded Wayleaves, network live, ≥20 ISP wholesale agreements
M20–42 Phase 2 — KZN & Eastern Cape Phase 1 penetration proving to plan; funding runway
M22–54 Phase 3 — township / Reach deployment Community liaison; affordable-product demand validated
M26 Second-round infrastructure debt close (≈R7bn) Seasoned asset base; audited homes-passed & penetration data; DFI/senior appetite
M30 EBITDA-positive run-rate confirmed Penetration ≥ plan on Phase 1 cohorts
M36–54 National scale-up to 2.8m homes passed Cost-per-home on efficiency curve; second-round funding drawn
M48–60 Exit readiness — asset register, audit, data room Sustained EBITDA growth; clean covenant record; penetration at ≈52%
KEY INSIGHT

The two hardest gates are M6 (wayleaves at scale, without which Phase
1 slips) and M26 (the second-round debt close, without which the build
to 2.8m homes cannot be funded). Everything in the first two years —
asset-register discipline, audited homes-passed data, penetration-cohort
reporting and conservative covenant management — is engineered to make
the Company second-round-eligible on schedule, exactly as a fibre
project-finance lender will require.

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of NexaWave Fibre Networks (Pty) Ltd.