Internet Solutions, MWEB deal approved

19 Dec 2014

Internet Solutions, the wholly owned division of Dimension Data (Middle East & Africa), has received approval from the Competition Tribunal for its proposed acquisition of MWEB Business, Optinet Service Division and Optinet Network Division from domestic internet service provider (ISP) MWEB. The transaction will take effect on 2 January 2015, at which date MWEB’s network assets and bandwidth contracts will be transferred to Internet Solutions, which will also take over the operating business divisions and employees of MWEB Business and Optinet. MWEB will, however, retain its consumer ISP business.

Saki Missaikos, managing director at Internet Solutions, said: ‘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.’

South Africa, Internet Solutions (South Africa), MWEB (South Africa)