Data centre operator Teraco Data Environments has secured a further R158m in funding. The financing includes both equity and debt, with the World Bank’s International Finance Corp and the Development Bank of Southern Africa
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There is no link between the decision by Huge Group acting financial director Yvette Neveling to resign and its announcement just hours later that the company has failed to publish in 2011 financial results within the deadline prescribed by the JSE, says CEO
LG Electronics SA on Wednesday unveiled its second generation of 3D televisions, hoping the technology will gain more traction by doing away with the need for expensive glasses. The new line-up, the LED Cinema 3D range, priced from
Internet Solutions (IS) has acquired a majority stake in Synaq, the Johannesburg-based managed Linux service provider and messaging company, for an undisclosed sum. IS says the deal will help it address the demand from the small and medium enterprise
Start-up costs associated with Telkom’s new mobile arm, 8ta, have eaten a R1,1bn hole in Telkom’s operating profit in the financial year to 31 March 2011. It’s also taken a R739m hit related to employee severance packages
Vodacom Group has named a BP executive as its new MD to replace Shameel Joosub, who is now the CEO of Vodafone in Spain. The company has been without an MD of its most important operating subsidiary since the beginning of April
SA’s information and communication technologies (ICT) market grew to R179bn last year, communications minister Roy Padayachie said on Tuesday. Speaking during debate on his department’s budget in the national assembly, he told MPs it was
O3b Networks, which plans to launch a constellation of medium-earth orbit satellites by 2013, has signed a multimillion-dollar agreement with SA’s Mavoni Technologies to bring broadband to rural areas. O3b wants
Communications minister Roy Padayachie will issue a policy directive to telecommunications regulator, the Independent Communications Authority of SA (Icasa), to conduct a review of the so-called “digital dividend” spectrum
Communications minister Roy Padayachie says the country is on track to switch off analogue terrestrial television broadcasts by December 2013, paving the way for spectrum that will be freed up through the migration