ICASA seeks views on iBurst sale
South African regulator ICASA has asked for written submissions over the proposed acquisition of ISP iBurst and Broadlink parent Wireless Business Solutions (WBS) by MultiSource, TechCentral reported.
In the most recent Government Gazette, ICASA said that it received an application for approval of the acquisition on 08 June. MultiSource has undertaken that WBS will remain the holder of all licences issued to it by Icasa. The Electronic Communications Act prevents the sale or transfer of an individual licence without prior written permission from the regulator.
ICASA said it acknowledges that this application comes at a time in the sector where there are a number of transactions taking place. ICASA said copies of submissions must also be sent to WBS, which has been given the right and additional time to respond to them.
WBS had undergone successful due diligence by MultiSource. but the deal still requires the approval of both Icasa and South Africa's competition authorities. WBS has access to valuable radio frequency spectrum that could be used to build a national wireless broadband network. In particular, it has access to spectrum in the 1.8 GHz band that is ideally suited to building networks using 4G technology.
Source: Telecompaper 23 July 2015