MTN mulling USD600m bid for Internet Solutions

10 Aug 2017

South African telecoms groups MTN and Vodacom are reportedly interested in acquiring the African units of Dimension Data, which include business/wholesale provider Internet Solutions (IS), Bloomberg writes citing people familiar with the matter. Further, Dimension Data’s management is also said to be considering a buyback of the African business and relisting its shares. According to the unconfirmed reports, MTN is weighing an offer of as much as USD600 million for IS, though the structure of the deal hasn’t yet been decided, as other options – including a potential partnership agreement – are still being discussed.

As reported by TeleGeography’s CommsUpdate, in June 2017 it emerged that NTT Corp was reportedly considering the sale of the African operations it acquired through the takeover of Dimension Data Holdings for USD2.7 billion in 2010, and to that end, said it was open to approaches from potential buyers.

South Africa, Dimension Data, Internet Solutions (South Africa), MTN Group, NTT (NTT East & NTT West), Vodacom Group