Wireless Business Solution (WBS), the parent company of iBurst, is currently in discussions with three different players regarding a possible deal, and is considering one offer made to the company, MyBroadband reported, citing WBS director David Hilewitz.
The company was previously linked to acquisition talks with Dimension Data and MTN, but Hilewitz said that the current offer is not from either of these companies.
In August 2013, it was reported that Dimension Data offered ZAR 250 million for WBS, but that offer was rejected, with shareholders seeking ZAR 500 million.
iBurst’s assets include spectrum in the 1,800MHz band, along with an established wireless network with high sites, and an extensive microwave backhaul network.
Hilewitz made it clear to MyBroadband that no deal has been concluded and that they are not even certain whether they want to sell the company.
Hilewitz said that the company is also looking at building a LTE network using its spectrum, and then partnering for the use of this network.
Credit: Telecom Paper