MWEB up for grabs

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MWEB up for grabs

Multinational media company Naspers (NPN) announced on Monday that, following approaches for the sale of its internet service provider (ISP) business MWEB, it is initiating an auction process.
Click to expand...
 
This is a very surprising move - I thought it was a very profitable unit for Naspers and a good way for it to make sure it is well positioned in the Internet space…
 
Every ISP I join ends up getting sold :(

When I came back to SA in 1995 I joined Digiserve BBS, that got sold.
Then I went to Icon owned by IS who sold it in 1998
Then I joined m-web who are now selling.
Next on the list is WebAfrica :eek:
 
There's a word out of the past --- Digiserve.

BBS'ing was fun back then...

Small companies offer great and personal service - big companies only see you as just a number (to be ignored sometimes)....
 
"This strategy, focusing on connectivity, diverges from Naspers's core focus of online content platforms, communities and commerce. Naspers owns no ISP elsewhere in the world.
Click to expand...

This is sad, one would have thought that with Naspers' financial backing, MWEB could have been a solid 1st tier provider.

Whoever buys them would first have to recover money spent on the purchase before they think about infrastructure spend.
 
The_Librarian said:
There's a word out of the past --- Digiserve.

BBS'ing was fun back then...

Small companies offer great and personal service - big companies only see you as just a number (to be ignored sometimes)....
Click to expand...

they also used to sell notebooks didn't they? What was that owner guys name?

I once won a beach umbrella from them! :)
 
Here's the price history of M-Web holdings limited
31/08/1999 205
30/09/1999 315
31/10/1999 200
30/11/1999 340
31/12/1999 385
31/01/2000 620
29/02/2000 815
31/03/2000 580
30/04/2000 505
31/05/2000 370
30/06/2000 415
31/07/2000 400
31/08/2000 415
30/09/2000 299
31/10/2000 224
30/11/2000 200
31/12/2000 209
31/01/2001 174
28/02/2001 150
31/03/2001 132
30/04/2001 139
31/05/2001 191
30/06/2001 206
31/07/2001 215

SENS articales related to their delisting can be found here: http://toolkit.moneyweb.co.za/fds/senssearch.phtml

Their sharecode was MEB.
 
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MWEB has been very profitable afaik, so this only means the bidders will be offering that much more...
Yikes! We talking Big $$$'s here
 
and the shares are on the way up

Shares in Naspers rose 3.38 percent to 183.50 rand by 1029 GMT, while the Johannesburg bourse's Top 40 index was up 0.12 percent.
 
Ok since you people don't seem to get the point of this auction... I'll now bid R1.01
 
Mweb has been having serious financial problems for many years. I'm surprised it has taken this long for this to happen.

I wouldn't want that company even if I could get it for a 1c bid.

I feel sorry for their staff - trying times.
 
Garyvdh said:
Every ISP I join ends up getting sold :(

When I came back to SA in 1995 I joined Digiserve BBS, that got sold.
Then I went to Icon owned by IS who sold it in 1998
Then I joined m-web who are now selling.
Next on the list is WebAfrica :eek:
Click to expand...

Don't you maybe want to sign up with Telkom? :)
 
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