Afrihost buying back controlling stake from MTN

[Kevin Lancaster]

Afrihost buying back controlling stake from MTN

MTN has announced it plans to dispose of its 50.02% shareholding in Afrihost.

 

[PostManPat]

The partnership was a mistake in the beginning.

 

[lexis]

People make mistakes, that's why pencils have erasers.

Good luck to Afrihost, I wish you all of the best.

 

[Arthur]

It'll be interesting to see the valuation.

 

[Thor]

Are there any internet providers listed on the JSE apart from the mobile networks?

 

[Solitude]

I hope this is a good thing. And I hope Afrihost can continue its mobile deals.

 

[ChocolateBadger]

This should be a good thing. Afrihost did well until letting the anc of the telecommunications industry run the show.

 

[Gozzy]

I smell a snake......

 

[Rickster]

Will there be any consequences for the end customer?

 

[skimread]

Will there be any consequences for the end customer?

Probably new deals and bundling of services

I got a e-mail for half price hosting

Afridesign Gold: https://www.afrihost.com/site/product/afridesign

 

[rpm]

It is always great to see the founders of a company gaining control of it again after an acquisition. In the case of Afrihost I think the company will be able to be far more disruptive without a multinational company as a majority shareholder.

I hope they launch a “we are independent again” special

 

[profeet]

Afrihost buying back controlling stake from MTN

MTN has announced it plans to dispose of its 50.02% shareholding in Afrihost.

Now if only the would buy back the controlling stake of being a good company and actually delivering from themselves without having customers resorting to legal action to get closure.

 

[ToxicBunny]

It is always great to see the founders of a company gaining control of it again after an acquisition. In the case of Afrihost I think the company will be able to be far more disruptive without a multinational company as a majority shareholder.

I hope they launch a “we are independent again” special

I can only imagine that this is being done because the valuation of the company is quite a bit down on what MTN paid for...

 

[bigboy529]

I wonder how this will impact Afrihost Mobile?

 

[whatwhat]

I wonder how this will impact Afrihost Mobile?

Yeah was just thinking that. The cheap MTN data on Afrihost and Axxess are probably going to disappear very quickly.

 

[schumi]

Are there any internet providers listed on the JSE apart from the mobile networks?

MWEB is owned by Multichoice South Africa, a subsidiary of JSE-listed Naspers media

https://en.wikipedia.org/wiki/MWEB

 

[Skerminkel]

Yeah was just thinking that. The cheap MTN data on Afrihost and Axxess are probably going to disappear very quickly.

Why should it? Every indication was that the companies were pretty much at arms length all the time. The mobile deals were therefore proper commercial deals. No subsidising.

 

[Archie1]

Yeah was just thinking that. The cheap MTN data on Afrihost and Axxess are probably going to disappear very quickly.

Hopefully we can now also get deals on other networks.

 

[Creag]

I wonder how this will impact Afrihost Mobile?

Article I read earlier on Tech Central quoted the MTN head honcho (in 2015) that they have been subsidising the cost to AH. With that in mind, it seems likely that the cost of their mobile offerings will rise once it is out of any contractual pricing agreements.

 

[konfab]

MAKE AFRIHOST GREAT AGAIN