Telecommunications player Huge Group is considering as many as three acquisitions, with one of them potentially worth as much as US$100m (more than R1,2bn), as it seeks to play a leading role in the consolidation of the industry in South Africa. The company has
Author: Duncan McLeod
Sam Vilakazi has become the third deputy director-general at the department of telecommunications & postal services to leave this year, spokesman Siya Qoza confirmed on Thursday. Qoza said Vilakazi has resigned to take up a senior position at a state-owned
Curro Holdings has walked away from an attempt to acquire rival Advtech, Curro said on Wednesday, sending Advtech’s share price down by more than 3%. It said the offer it made to buy Advtech at R13/share no longer made sense in the face of stiff
The City of Tshwane, working with non-profit Project Isizwe, has increased the maximum speeds on its free Wi-Fi network to 15Mbit/s, the parties said on Wednesday. To date, the average speed for users has been 7Mbit/s, they said. “The network
The department of telecommunications & postal services (DTPS) wants corporate sponsors to help it pay for events meant to schmooze journalists and improve its public image, The Star reported on Wednesday. The newspaper said the department
JSE-listed global technology distribution and services group Datatec, through its Logicalis subsidiary, is acquiring US-based Advanced Technology Integration Group for up to US$42m (about R525m) from a company called MCPc
MTN’s attributable and basic headline earnings per share for the six months ended 30 June 2015 will fall by between 10% and 15%, the telecommunications group warned shareholders on Tuesday. Although
In a positive development for Cell C, ratings agency Standard & Poor’s (S&P) has removed the mobile operator from its watch list for a possible downgrade. This comes, S&P said in a note, after Cell C
Convergence Partners, the investment management firm established in 2006 by businessman Andile Ngcaba, has announced the successful final close of its Convergence Partners Communications
Telkom will open its telecommunications exchanges to Internet service providers using an open-access model in an effort to stimulate demand for fixed-line broadband in South Africa. “To further stimulate access to broadband, we will make making around