Central to the application to ICASA was the acquisition of 40% of WBS by a local consortium that includes Blue Label Investments, a privately-owned venture capital company. The stake was previously held by international gaming firm GTech.
The new name formerly only referred to the company's mobile broadband Internet product. As the firm will be trading under "iBurst", the name Wireless Business Solutions will remain the legal and registered name of the firm.
According to Thami Mtshali, CEO of iBurst, "many positive changes have been implemented at iBurst recently. All of them reflect our single-minded ideal of meeting and exceeding our customer's every expectation.
"We are keeping our promise that current customers will be the first to experience the benefits of the new look iBurst, thanks to massive investments in coverage and a focus on hiring the most capable customer care agents in the industry," he concludes.
