{"id":181889,"date":"2017-06-27T12:05:19","date_gmt":"2017-06-27T10:05:19","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=181889"},"modified":"2017-06-27T12:08:24","modified_gmt":"2017-06-27T10:08:24","slug":"how-much-internet-solutions-paid-for-mweb","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/181889\/how-much-internet-solutions-paid-for-mweb\/","title":{"rendered":"How much Internet Solutions paid for MWEB"},"content":{"rendered":"<p>Naspers has revealed how much it received from the sale of internet service provider, MWEB, to Internet Solutions (IS) through its parent company Dimension Data.<\/p>\n<p>Naspers has released its financial results for the year ended 31 March 2017, showing that it received $10 million (R130 million) for MWEB.<\/p>\n<p>IS said in May that the acquisition presents opportunities for growth through MWEB\u2019s customer base and infrastructure.<\/p>\n<p>It said the integration will cause minimal disruption to clients and employees.<\/p>\n<p>In 2014, Dimension Data paid R368 million for MWEB Business, and Optinet Services and Network Divisions.<\/p>\n<p>Naspers noted that the transaction of $10 million involved the last tranche of what was still owned by Multichoice SA.<\/p>\n<p>In 2016, MTN disposed of its 50.02% shareholding in ISP, Afrihost, for R325 million, having bought a controlling stake in the company in 2014 for R408 million.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/broadband\/175779\/internet-solutions-completes-mweb-acquisition\/\" target=\"_blank\" rel=\"noopener\">Internet Solutions completes MWEB acquisition<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naspers has revealed how much it received from the sale of internet service provider, MWEB, to Internet Solutions (IS) through its parent company Dimension Data.<\/p>\n","protected":false},"author":10,"featured_media":65706,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[26,97,38,107],"class_list":["post-181889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-headline","tag-internet-solutions","tag-mweb","tag-naspers"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/181889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=181889"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/181889\/revisions"}],"predecessor-version":[{"id":182011,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/181889\/revisions\/182011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/65706"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=181889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=181889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=181889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}