JSE-listed telecommunications specialist FoneWorx has renewed a service provider agreement with Telkom on which the company’s fax to e-mail service is based.
The contract will run for five years, until August 2018, FoneWorx says in a statement to investors.
“This will provide a further contractual platform to not only grow the company’s base of over 300 000 subscribers but also add additional value-added features to the product,” it says.
In the same statement, the company says the SABC has selected it as one of the preferred bidders to provide mobile value-added services for a period of three years.
In addition, FoneWorx has been appointed as a dealer by Telkom Mobile for three years to procure customers for mobile handsets, data cards, recharge vouchers, connection packs, mobile accessories and value-added services.
News of the contract wins comes just months after newspaper publishing and printing group Caxton agreed to pay R102,5m for the 32,7% of Foneworx held by a trust controlled by the Kirsh family.
The deal ended a dispute between the trust and management of FoneWorx.
The Kirsh family trust — led by Primedia founder Issie Kirsh and former Primedia CEO William Kirsh — had been locked in a dispute with management over a deal that would have resulted in the Kirsh-controlled Value+ Nettwork being merged with Foneworx to create a new, R478m company.
FoneWorx was trading at R2,16/share on Tuesday morning. The counter has added 28% in the past year. — (c) 2013 NewsCentral Media
- See also: Caxton snaps up third of FoneWorx