Internet Solutions and MWEB transaction approved: SME market to benefit from greater choice and more competitive pricing.
Internet Solutions is pleased to announce that conditional approval for the proposed transaction that will see Dimension Data (Pty) Ltd acquire MWEB Business, Optinet Service Division and the Optinet Network Division from MWEB Connect (Pty) Ltd, has been received from the South African Competition Tribunal.
The effective date of the transaction is 02 January at which time the network assets and bandwidth contracts of MWEB Connect will transfer to Internet Solutions, as well as the full operating business divisions and employees of MWEB Business and Optinet.
“With the approval confirmed, Internet Solutions and MWEB Business will be able to service the SME market segment more competitively through the development of SME specific ICT solutions that will support organisations in running and growing their business efficiently and effectively, “ commented Saki Missaikos, Managing Director, Internet Solutions.
“Both MWEB Business and ourselves are delighted to receive the news, and we will be focusing on leveraging the maximum value of both organisations to provide the best products and exceptional service, in an economically viable way, that will support the growing SME market. The acquisition will give SME business owners access to a wider range of services at more competitive market prices together with greater support for their ICT,” Missaikos concluded.
As outlined in the announcement on 22 September 2014, MWEB Connect (Pty Ltd) will retain its consumer ISP business.
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About Internet Solutions
Internet Solutions (IS) is a Pan-African telecoms service provider to public and private sector organisations and has been providing innovative end-to-end telco solutions and related services for more than 20 years. Today, IS is at the forefront of Internet Protocol-based technologies building solutions and services tailored to the increasingly complex demands of organisations across the enterprise, public sector, global carrier and growing small-to-medium business sectors.
As a wholly owned subsidiary of the Dimension Data Group and part of NTT, IS leverages its infrastructure and global footprint to support organisations with the rapid deployment of emerging technologies.
Headquartered in South Africa, we have operating offices in four African countries and sales offices in UK, Singapore and USA. IS has six international PoPs (Point of Presence) in New York, London (2), Germany, Hong Kong and Singapore as well as 60 PoPs across the African continent. The company has over 15,500 sqm of data centre space across the African continent and is the largest provider of alternate last mile services in South Africa. Internet Solutions also has the largest network of WiFi hotspot in South Africa.
MWEB was founded in 1997 and is today South Africa’s leading Internet Service Provider (ISP). MWEB is highly regarded for its wide range of internet access offerings, differentiated tools and services, best of breed technology guarantee and internationally sourced R&D to benefit its approximately 330 000 customers. The company comprises three main divisions: MWEB Connect, which is focused on the Residential and Small business market as well as Gaming, MWEB Business which offers products and services for medium and large businesses to integrate their IT infrastructure and business processes with the Internet. MWEB WiFi, a new division focusing on providing highspeed Uncapped WiFi in public areas for consumers and businessesMWEB is owned by MultiChoice South Africa Holdings Limited that has 30% Broad Based Black Economic Empowerment shareholders, and is a subsidiary of Naspers, a JSE-listed company.
About Dimension Data
Founded in 1983, Dimension Data plc is an ICT services and solutions provider that uses its technology expertise, global service delivery capability, and entrepreneurial spirit to accelerate the business ambitions of its clients. Dimension Data is a member of the NTT Group. www.dimensiondata.com