Afrihost, Cool Ideas merger approved

23 Aug 2021

South Africa’s Competition Commission (CompCom) has given its unconditional approval to the merger of ISPs Afrihost and Cool Ideas, stating that the proposed transaction is ‘unlikely to result in a substantial prevention or lessening of competition in any relevant markets’, MyBroadband writes. The merger was first announced in June 2021; under the terms of the deal, fibre-only provider Cool Ideas will continue to operate as a stand-alone brand, with all original Cool Ideas shareholders – including founders Andre Jooste and Paul Butschi – retaining stakes in the enlarged company. Afrihost also owns a majority stake in another South African ISP, Axxess.

South Africa, Afrihost (incl. Axxess)