Telkom exits iWayAfrica and Africa Online Mauritius

Telkom South Africa has sold its pan-African business, iWayAfrica and Africa Online Mauritius through a private sale to Gondwana International Networks.

Financial terms were not disclosed.

iWayAfrica was formed as the result of the amalgamation of MWEB Africa and Africa Online in 2007 when MWEB Africa was purchased by Telkom.

Telkom has struggled to drive growth and profitability in the iWayAfrica business since it was acquired.

The iWayAfrica business operates in eight countries on the continent offering terrestrial wireless and VSAT services to business and residential users as well as via its channel partners in many other countries on the continent.