Webafrica’s plans for Mweb

Fast forward to 2023 and the company has not been acquired but instead did the acquiring — buying Mweb and becoming one of the largest Internet service providers in South Africa.

While there was interest in buying the company from players like Afrihost and RSAWeb at the time, many ISPs valued Webafrica at between R170 million and R220 million. Then, in 2020, Webafrica CEO Tim Wyatt-Gunning stepped down and handed the reins of the ISP to Internet Solutions veteran Sean Nourse.in 2023. The value of the transaction was not disclosed, though Webafrica said it used its balance sheet to fund it.

Source: News Formal (newsformal.com)

Headline MWEB Sean Nourse Tim Wyatt-Gunning Webafrica Broadband Internet

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