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.
Loading ...
Join the conversation Autoload comments
Comments section policy: MyBroadband has a new article comments policy which aims to encourage constructive discussions. To get your comments published, make sure it is civil and adds value to the discussion.