The South African Competition Commission has announced that they have given an all-clear to SEACOM in their venture to acquire EHO Network Solutions and Hymax, divisions of iOCO and part of the EOH Holdings Limited.
SEACOM announced its intention to acquire EOH Network Solutions (EOH-NS) and Hymax, divisions of iOCO and part of EOH Holdings Limited (EOH) earlier this year.
The acquisition marks the Pan-African telecommunication provider’s latest step in expanding its enterprise business offering across South Africa. By integrating with EOH-NS and Hymax, SEACOM will continue to deliver an even more comprehensive ICT and Enterprise Connectivity Solutions to its clients.
Back in April, SEACOM said that to date, an ‘Intention to Purchase’ agreement between SEACOM and EOH has been signed and submitted to the Competition Commission for approval. The transaction will conclude once approval has been received. More details regarding the integration process and the agreed-upon organisational and operational structures will be announced following the approval of the acquisition.
The acquisition of EOH-NS and Hymax forms part of SEACOM’s ambitious growth strategy that will transform the business into a converged telecommunications provider across Africa. By expanding our on-net capabilities and reach with this acquisition and the acquisition of Hirani Telecom in Nairobi and Africell Uganda’s infrastructure, SEACOM aims to provide customers with comprehensive enterprise-grade ICT solutions and quality connectivity.
Oliver Fortuin, Group CEO, SEACOM.
