MTN takes control of Afrihost | Fin24
  • Credit Rating

    Moody's has (again) said that weak state-owned entities are a risk to SA's sovereign credit rating.

  • SARS Inquiry

    Judge Nugent has recommended the president sack suspended SARS boss Tom Moyane.

  • Nene Rand Rollercoaster

    Simon Brown says savvy investors worked out how the rand would react to uncertainty at Treasury.


MTN takes control of Afrihost

Jun 03 2014 08:15

Cape Town - Mobile operator MTN announced on Monday that it had acquired a controlling share in internet service provider Afrihost.

The deal is still subject to regulatory approval but MTN said that it intended to use Afrihost to expand its business services in the SME market.

"MTN South Africa expects to leverage off Afrihost’s strong customer service, value proposition and agility, thereby boosting MTN South Africa’s presence in the SME, corporate/consumer and connected home segments.

"MTN South Africa will in addition be able to supply Afrihost with products for its existing customer base and vice versa," the mobile operator said in a statement.

This deal announcement follows a similar agreement between rival Vodacom and Neotel which is also subject to regulatory approval.

Both mobile operators are looking to consolidate gains in the market and boost enterprise broadband offerings, especially as the availability of fibre increases.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

mtn  |  afrihost  |  small business  |  cellphone industry


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The appointment of Tito Mboweni will:

Previous results · Suggest a vote