Rain will sell its Broadlink telecommunications business to Internet and cloud service provider CipherWave, TechCentral has learnt.

Rain CEO Willem Roos confirmed on Wednesday that the parties have reached an agreement, though they’re not disclosing the value of the deal.

Approval for the transaction will be sought from communications regulator Icasa. “It is our current understanding that Competition Commission approval is not required,” Roos said.

Read the full story: Rain to sell Broadlink to CipherWave

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