Johannesburg, South Africa – 02 December, 2016 – Internet Solutions, the pan-African communications service provider, today announced that through its parent company Dimension Data (Pty) Ltd, it has entered an agreement to acquire the business of MWEB Connect (Pty) Ltd. for an undisclosed sum. The transaction is subject to approval by the relevant Competition authorities in South Africa and shareholders. If successful, the transaction is expected to be completed in the first quarter of next year.
“MWEB is one of South Africa’s largest consumer ISPs and this acquisition will immediately give Internet Solutions a presence in the large and rapidly growing consumer market,” said Internet Solutions Managing Director, Saki Missaikos.
“A truly digital world is dependent on quality connectivity. It is the building block upon which the promise of automated cars, ‘smart homes’, virtual offices, and Internet of Things will achieve mass adoption. We believe that broadband has the power to reshape the world in which we live and work. It offers faster and more dynamic ways of doing business, and is playing a critical role in improving the provision of services for consumers across many sectors such education, health, transport, and social services to name a few,” Missaikos said.
Derek Hershaw, CEO of MWEB said: “For nearly 20 years MWEB has been connecting people and, like Internet Solutions, technology is at the core of our business. MWEB and Internet Solutions have been laying the foundations for a connected world for many years and we have a common vision of providing seamless connectivity for the consumer at home, on the move, in the office, and in public spaces. We believe that the full potential of technological advancements will be realised by ensuring that everyone has access to quality, affordable, secure, and reliable connectivity.”
About Internet Solutions
Internet Solutions (IS) is a Pan-African communications service provider 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 which is owned by NTT Group, IS leverages its infrastructure and global footprint to support organisations with the rapid deployment of emerging technologies.
Headquartered in South Africa, IS has operating offices in five African countries and sales offices in UK, Singapore and USA
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
MWEB was founded in 1997 and is a leading South African Internet Service Provider (ISP). MWEB is highly regarded for its wide range of internet access offerings, differentiated tools and services and best of breed technology. It has approximately 325 000 customers. MWEB is owned by MultiChoice South Africa Holdings Limited that is 50,7% owned by black South Africans, and is a subsidiary of Naspers, a JSE-listed company.