MTN has acquired a controlling stake in Afrihost, but the ISP told clients that it will not influence the way it operates, nor its brand.<\/p>\n
MTN is buying 50% +1 of Afrihost\u2019s shares, and the current Afrihost shareholders are retaining the remaining 50%.<\/p>\n
Afrihost said in an email to its customers that the acquisition will give it more muscle to innovate, and offer value to its customers.<\/p>\n
\u201cThe way you deal with us stays the same. Our management team stays the same. The entire Afrihost team stays the same,\u201d Afrihost CEO Gian Visser said in his email to clients.<\/p>\n
\u201cOur passionate focus on service stays the same. Our brand stays the same. We keep working out of our own premises,\u201d he added.<\/p>\n
Visser told Afrihost customers that there is basically only one change: \u201cWe have a big brother standing by our side, shoulder to shoulder, supporting us in our dream and goal to become the absolute best company in South Africa\u201d.<\/p>\n
\u201cI sincerely believe that joining MTN is the best thing we can do for you, our clients and our team. We\u2019re going to do amazing things,\u201d said Visser.<\/p>\n
MTN South Africa said in a statement that it signed an agreement with Brendan Armstrong, Angus MacRobert, Peter Meintjes, Greg Payne, Frank Payne and Gian Visser and their family trusts and investment company in terms of which MTN South Africa will subject to the fulfilment of certain conditions precedent acquire a shareholding of 50% plus one share in Afrihost<\/p>\n
“The Afrihost acquisition will add scale to MTN South Africa\u2019s online ICT service offering which is focused on the consumer and SME market. MTN South Africa expects to leverage off Afrihost\u2019s strong customer service, value proposition and agility, thereby boosting MTN South Africa\u2019s presence in the SME, Corporate\/Consumer and Connected Home segments.<\/p>\n
“MTN South Africa will in addition be able to supply Afrihost with products for its existing customer base and vice versa,” the group said.<\/p>\n
The agreement is subject to various regulatory approvals.<\/p>\n
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