Internet Solutions Could be Up For Sale

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Internet Solutions
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According to South African blog MyBroadband, Dimension Data is looking to sell its subsidiary, Internet Solutions.

A little backgrounder, back in January 2014, Internet Solutions bought Access Kenya for about 2.6 billion shillings, increasing its reach to five African countries including South Africa, Mozambique, Nigeria, Ghana and Kenya. The Company also boasts of 63 Points of Presence (PoPs) across the continent.

Internet Solutions is an Internet Service Provider (ISP) whose main customers are corporates, but the company has also been stretching its arms to households, by partnering with Surf Kenya to offer public wifi hotspots and Fibre to the Home services.

Read More: Internet Solutions Kenya to Upgrade its Fibre Network for Ksh.280 Million

Bloomberg reports that MTN Group may be interested in buying Internet Solutions and thus expand its portfolio into internet services for corporates. There are also rumours of a management buyout, where Dimension Data, which is a subsidiary of Nippon Telegraph and Telephone Corporation (NTT), will buy itself from NTT and thus becoming an independent entity and retain control of Internet Solutions and at the same time, relist in the London Stock Exchange.

There are also rumours of a management buyout, where Dimension Data, which is a subsidiary of Nippon Telegraph and Telephone Corporation (NTT), will buy itself from NTT and thus become an independent entity and retain control of Internet Solutions.

MyBroadband notes that it is not the first time that Dimension Data has tried to sell Internet Solutions, and explained that a sale is not guaranteed despite several meetings being held with major telcos in South Africa regarding the sale.

When asked to comment about the sale, Dimension Data said that it “does not respond to market rumours”. Well, whichever way it goes, Internet Solutions Kenya will be affected, hopefully in a positive way.

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