INTERNET access provider, Dandemutande Investments Pvt Ltd operating as Utande and uMAX, this week announced a merger with iWay Africa and Africa online to acquire specified assets and liabilities in the two entities in exchange for shares in Dandemutande.
Africa Online and iWayAfrica are both owned by Gondwana International Networks, a pan-African Telecommunications and ICT service provider based in South Africa.
Under the terms of the transaction, the existing Dandemutande shareholders will own 51% of the enlarged company and Gondwana International Networks will own 49%.
“The merger reflects both parties commitment to drive sustainable growth by creating Zimbabwe’s leading internet access and service provider. Together Dandemutande, iWayAfrica and Africa Online have an unparalleled 57 years of operational experience in Zimbabwe. We will leverage off this going forward,” Dandemutande chairman Olatunde Akerele said.
The new combined entity will offer a wider range of services across different technology platforms including fibre, satellite and wireless, meeting customer requirements for services beyond traditional connectivity,” he said.
Managed services, cloud services from its carrier neutral data centre, VoIP and rural branch connectivity will be offered under a single service provider umbrella.
While the boards of both companies have approved the business combination, the transaction remains subject to regulatory approval. It is expected to close in the second quarter of 2015.
Established in 2003, Gondwana International Networks, has a core operational focus on the design and implementation of broadband access networks and maintains a presence in 44 countries across Africa. — Staff Writer.