Multisource has completed its\u00a0acquisition of WBS \u2013 the parent company of iBurst and Broadlink \u2013 following approval from the Competition Commission and Icasa.<\/p>\n
The shareholders of Multisource include consortiums led by Phumlani Moholi, former CTO of MTN, and the family interests of Paul Harris and Michael Jordaan, together with management.<\/p>\n
The future shareholding structure is being finalised, and will include these parties as well as new\u00a0members.<\/p>\n
\u201cNow that the acquisition is finalised, we will participate at a more operational level with the WBS group and will collaborate on a strategy going forward,\u201d said Multisource.<\/p>\n
Duncan Simpson-Craib has been appointed as Group CEO, Phumlani Moholi CEO of the network, and Brandon Leigh – the founder on the new group – will head up Group Strategy and Product Development.<\/p>\n
Ravi Naidoo, the founder of Interactive Africa and Design Indaba, will become a shareholder and non-executive director and will guide the brand strategy.<\/p>\n
\u201cThe intention is to develop the existing businesses and network to leverage the valuable spectrum licence that WBS holds.”<\/p>\n
\u201cThe technical and business telecommunications expertise that exists within Multisource will strengthen the WBS team.\u201d<\/p>\n
South Africa may get a new LTE operator<\/strong><\/a><\/p>\n