Service provider Nashua Mobile has agreed to sell its MTN and Vodacom subscriber bases to the two mobile operators and is in talks to sell its Cell C subscriber base, too, parent Reunert told shareholders on Monday. Nashua Mobile will receive almost R2,3bn from the sale, before VAT. It appears that the two big mobile
Browsing: Altech Autopage Cellular
Altron and its subsidiary Altech are still engaged in talks, the outcome of which could have a material effect on the share prices of the two JSE-listed groups. Though neither has said what the discussions are about, it’s widely speculated that Altron is preparing to make an offer to minority shareholders in Altech
Altech’s share price fell by more than 4% in late afternoon trading on Wednesday after it turned in a huge loss for the financial year ended 28 February. The JSE-listed technology group, which has had a torrid time in recent years because of the poor performance of its operations outside South Africa, turned
Altech’s headline earnings per share in the six months ended 31 August 2012 have fallen by 19% over the same period in 2011 as the result of continued poor performance by its businesses in East and West Africa. Due to write-downs in goodwill and the carrying value of those operations
A number of Altech Autopage Cellular customers experienced service problems with their mobile devices on Monday after a system error resulted in future-dated transactions, including package changes, contract cancellations and service add-ons, being triggered on Monday morning rather than at their allotted time
Mobile operator 8ta is in the market for a new marketing and sales executive. Stephen Blewett, who had filled this role until last week, has resigned. Blewett joined 8ta, which is the mobile arm of Telkom and SA’s fourth cellphone network operator, in 2009 as a contractor for an initial one-year term. The contract
Technology group Altech has reported a 27% decrease in adjusted headline earnings per share, from 529c to 388c, on poor performance from its operations in West Africa and continuing underperformance of its businesses in East Africa. The group eked out a 3,3% increase in revenues to just shy of R10bn
Altech Autopage Cellular, SA’s biggest independent cellular service provider, has backed away from plans to launch a mobile virtual network operator (MVNO) after giving serious thought last year to the idea of launching one. Altech CEO Craig Venter said as recently as September 2011 that Autopage Cellular was considering
Altech Autopage Cellular has acquired sister company Altech Technology Concepts for an undisclosed sum as part of a plan to offer converged communication products and services to retail consumers and small and medium enterprises. The merged business will be renamed
JSE-listed technology and telecommunications group Reunert paid R171,9m for privately held ECN Telecommunications, its 2011 financial results show. Of this, R107,8m was in the form of goodwill, which means Reunert attached a fair market value to ECN of R64,1m