Africa online, iWay Africa merge with Zim company
African information technology company, Gondwana International Networks (GIN), is awaiting approval by the competition and tariff commission in Zimbabwe on a merger deal with an internet service provider in the country.
GIN owns iWay Africa and Africa Online and is to merge these two companies' operations in Zimbabwe with Dandemutande, a Zimbabwean internet service provider.
Dandemutande is owned by Mauritius-based and Zimbabwe focused investment company, Masawara.
Masawara said Wednesday that it had obtained regulatory approvals for the merger of the operations of Dandemutande – which it controls through Telerix Communications, a telecom investment company in which it has a significant interest and those of iWay Africa and Africa Online in Zimbabwe.
"Regulatory approvals were obtained for the merger of the operations of Dandemutande,(a wholly owned subsidiary of Telerix Communications (Private) Limited), iWay Africa and Africa Online," Masawara said.
Dandemutande is a wholesale and retail internet service provider in Zimbabwe and its name means 'spider web' in the Zimbabwean Shona vernacular.
The ISP holds an Internet Access Provider ("IAP") Class A telecommunications licence awarded by the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz).
Source: ITWeb Africa 25 September 2015