confirmed to TechCentral that the parties have signed the necessary paperwork and that the combination, if approved, will double the size of the company, adding more than 300 Mweb employees to its 350-strong workforce. No layoffs are anticipated.Mweb, which is headed by Manelisa Mavuso, will continue to operate independently.
Nourse, who previously headed up Mweb for Dimension Data, moved to Webafrica three years ago, replacing Tim Wyatt-Gunning in the CEO role. It decided to put in an offer to buy Mweb after Dimension Data put the business up for sale. He declined to say how many customers Mweb has on its books, but they number in the hundreds of thousands. A majority of these are on fibre, though the business still has a large legacy copper DSL base as well as customers on fixed-LTE services.Nourse declined to comment on the price Webafrica is paying for Mweb, but said the deal is being entirely funded through its own balance sheet.