Thami Mtshali has stepped down as CEO of iBurst parent Wireless Business Solutions (WBS), with financial director Clinton Holroyd being named acting CEO.
WBS nonexecutive director David Hilewitz confirmed that Mtshali had stepped down as CEO of the group.
Hilewitz tells TechCentral that this happened effective 1 August.
Mtshali confirms, too, that he has stepped down but says he remains as a nonexecutive director.
Hilewitz says Mtshali has a number of other business interests and WBS needs a CEO who can focus all his time and energy on the business.
Mtshali will remain as a significant shareholder of the group. Hilewitz emphasises that Mtshali’s departure is on good terms.
Mtshali echoes this, saying: “I want to focus on other things, which includes telecommunications. I’m spreading my wings now.”
Hilewitz hints that there will be bigger news to flow within the next week about the future of WBS. “I always like to cooperate but I can’t comment further because of confidentiality,” he tells TechCentral.
Both MTN and Dimension Data are said to have considered buying WBS in recent years, but walked away before a deal could be concluded. If an acquisition is on the cards, it’s not immediately clear which company might be doing the bidding.
WBS has access to a range of spectrum that would prove valuable to a mobile broadband operator.
In particular, it has access to spectrum in the 1,8GHz band that is ideally suited to building next-generation wireless broadband networks using 4G/LTE technology. — © 2014 NewsCentral Media