The Competition Commission has unconditionally approved Afrihost’s proposed acquisition of Cipherwave Home Connect.for an undisclosed sum in May that will see Afrihost take a majority stake in Internet service provider Home-Connect.The companies did not disclose what Afrihost’s shareholding would be when the deal closed.
Much like the Cool Ideas deal, Home-Connect and Afrihost say they hope to leverage the economies of scale of a larger network to continue providing fast, uncapped Internet services at affordable prices.in May 2016, offering uncapped fibre-to-the-home services on Vumatel, Metrofibre Networx, and Waterfall Access Networks.
To launch the company, Mason borrowed R750,000 from his dad to set up the business and fund its network operations.