The Independent Communications Authority of South Africa (Icasa) has approved the transfer of spectrum licences from Wireless Business Solutions (WBS) – which operates iBurst – to Multisource.
Icasa said it received the application on 8 June 2015, which it has now approved as it met the applicable regulatory requirements.
It highlighted the following terms of the transaction:
- Multisource will acquire the entire share capital of WBS Holdings.
- WBS will remain a wholly owned subsidiary of Wireless Business Solutions Holdings.
- WBS will remain the licence holder of all licences Icasa has issued to it.
“The Authority followed a public process in consideration of the application which allowed interested parties to comment on the transaction, and the applicants an opportunity to respond,” said Icasa.