Internet Solutions is in partnership discussions with numerous companies, which form part of big changes planned for the company.<\/p>\n
MyBroadband has learnt from two industry sources that MTN has put in an offer to acquire Internet Solutions.<\/p>\n
Bloomberg recently reported<\/strong><\/a> that MTN is considering an offer of up to $600 million to buy the company.<\/p>\n According to MyBroadband\u2019s sources, the deal with Internet Solutions involves complicated structures – which have scared off certain potential suitors.<\/p>\n It is further understood that Internet Solutions is still seen as a valuable asset by its owner Dimension Data, and that the latter is not keen to sell a majority stake in IS.<\/p>\n It is therefore not clear whether the full share capital of Internet Solutions is for sale, or whether Dimension Data is looking at different deals.<\/p>\n Dimension Data declined to provide comment on the “market rumours\u201d. MTN said it does not comment on market speculation.<\/p>\n MyBroadband has also learnt that Internet Solutions has outsourced its wireless network to Comsol, and has put out tenders to do the same with its fixed-line infrastructure.<\/p>\n Internet Solutions confirmed this is the case, stating that it forms part of its strategy to limit investment in certain infrastructure assets.<\/p>\n \u201cInternet Solutions has always placed a strong emphasis on infrastructure,\u201d said IS spokesperson Mayur Soni.<\/p>\n \u201cThe company has advocated for open-access technologies – including infrastructure – as a driver of competition in the market.”<\/p>\n Soni said with an abundance of connectivity options now available, Internet Solutions continues being carrier agnostic and will limit investment in certain assets.<\/p>\n \u201cAt the same time, we are evolving to become a platform business invested in software-defined services,\u201d said Soni.<\/p>\n This resulted in IS outsourcing the microwave portion of its wireless infrastructure to Comsol, and it may enter into\u00a0similar agreements for its\u00a0fixed-line infrastructure.<\/p>\n According to sources, Internet Solutions is in discussions with multiple companies which it sees as suitable partners.<\/p>\n \u201cOur commitment to ensuring that our clients receive fit-for-purpose, streamlined, managed ICT services remains unchanged,\u201d said Soni.<\/p>\n Internet Solutions is in partnership discussions with numerous companies, which form part of big plans for the company.<\/p>\n","protected":false},"author":23,"featured_media":222175,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[19,41906],"tags":[1691,35,391,42],"class_list":["post-223738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-business-telecoms","tag-dimension-data","tag-headline","tag-internet-solutions","tag-mtn"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/223738"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=223738"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/223738\/revisions"}],"predecessor-version":[{"id":223742,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/223738\/revisions\/223742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/222175"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=223738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=223738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=223738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Big changes at Internet Solutions<\/h3>\n
Now read:\u00a0Vodacom and MTN interested in Dimension Data Africa<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"