Internet Solutions, a division of Dimension Data, will acquire MWEB Connect’s business assets and divisions.
Internet Solutions, a division of Dimension Data, today – 22 September 2014 – announced that it has signed a transaction agreement to purchase the following assets and business divisions from MWEB Connect:
- MWEB ISP core network assets
- MWEB Business
MWEB Connect will retain its consumer ISP business. The MWEB Wi-Fi business does not form part of this agreement.
The transaction, subject to Competition Tribunal (South Africa) approval, will see the transfer of the network assets and bandwidth contracts of MWEB Connect to Internet Solutions.
The transaction also includes the acquisition of Optinet and MWEB Business, both of which will also be managed by Internet Solutions. MWEB Business, Optinet, and MWEB Connect engineering and support employees will transfer with the transaction to Internet Solutions.
“MWEB Business and Internet Solutions will be able to service this market segment more competitively and ensure that the ICT offerings for this sector are designed and supported in a way that is economically viable and, importantly, support them in operating and growing their business,” said Derek Wilcocks, CEO, Dimension Data Middle East and Africa.
“There is a strong strategic and cultural fit between MWEB Business and Internet Solutions and the combined entities will have the scale to compete in the SME market, whilst the SME market will benefit from access to a wider range of services, more market competitive prices, and greater support for their ICT.”
MWEB Connect was founded in 1997 and is an unlisted entity. MWEB’s Optinet will continue to provide services to Naspers group companies.
MWEB Business is focused on the small and medium enterprise (SME) market in South Africa and has 5000 clients across a range of vertical market segments.
Internet Solutions, founded in 1993, is a division of Dimension Data and provides ICT services to the corporate, SME, public sector, and wholesale markets. Dimension Data is a member of the NTT Group.
– Source: MyBroadBand.co.za