{"id":44638,"date":"2013-08-22T15:55:46","date_gmt":"2013-08-22T13:55:46","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=44638"},"modified":"2013-08-22T15:57:04","modified_gmt":"2013-08-22T13:57:04","slug":"dimension-data-kenya-isp-buyout-approved","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/44638\/dimension-data-kenya-isp-buyout-approved\/","title":{"rendered":"Dimension Data Kenya ISP buyout approved"},"content":{"rendered":"

Dimension Data’s R355 million acquisition of Kenyan ISP, AccessKenya, has been approved by the service provider’s shareholders.<\/p>\n

At a shareholder vote on Tuesday (20 August), 87.6% of AccessKenya’s shareholders were represented and passed the deal with 99.92% approval.<\/p>\n

AccessKenya is a NSE-listed company, and was one of the first ISPs to launch in Kenya in 2000. The company employs 340 staff and provides data services to about 5,000 corporate clients.<\/p>\n

In July, AccessKenya\u2019s board of directors recommended that its shareholders accept Dimension Data\u2019s R355 million (Ksh3 billion) takeover bid.<\/p>\n

Dimension Data will pay AccessKenya shareholders R1.66 (Ksh14.00) per share for 218 million ordinary shares \u2013 a 42% premium on the AccessKenya share price of R1.16 (Ksh9.85) at close at the time of the announcement.<\/p>\n

Following the process, AccessKenya will be delisted from the local stock exchange with immediate effect.<\/p>\n

More on Didata<\/h3>\n

DiData chief swoons over Kenya ICT market<\/strong><\/a><\/p>\n

DiData in R326.4m offer for Kenya ICT firm<\/strong><\/a><\/p>\n

Didata offers private cloud for Microsoft in SA<\/strong><\/a><\/p>\n

DiData in cloud deal with Microsoft<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dimension Data’s R355 million acquisition of Kenyan ISP, AccessKenya, has been approved by the service provider’s shareholders.<\/p>\n","protected":false},"author":10,"featured_media":16384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[5773,25,94],"class_list":["post-44638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-accesskenya","tag-active","tag-dimension-data"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/44638","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=44638"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/44638\/revisions"}],"predecessor-version":[{"id":44639,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/44638\/revisions\/44639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/16384"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=44638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=44638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=44638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}