Internet Solutions announced that it has received conditional approval from the Competition Tribunal for Dimension Data’s acquisition of MWEB Business, Optinet Service Division and the Optinet Network Division from MWEB Connect.
The effective date of the transaction is 2 January 2015 at which time the network assets and bandwidth contracts of MWEB Connect will transfer to Internet Solutions.
Internet Solutions will also take over all operating business divisions and employees of MWEB Business and Optinet.
“With the approval confirmed, Internet Solutions and MWEB Business will be able to service the SME market segment more competitively,” said Saki Missaikos, Managing Director, Internet Solutions.
MWEB Connect will retain its consumer ISP business.