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
Browsing: Altech
JSE-listed technology group Altech expects headline earnings per share for the year ended February 2012 to be as much as 30% lower against a year ago as problems at its operations outside SA continue to weigh on the group’s financial performance. Altech says headline earnings per share will decline by between 24% and 30% as a result
The supreme court of appeal has dismissed, with costs, applications from the Competition Commission and tracking company Tracetec against Altech Netstar in which they claimed Netstar engaged in anticompetitive behaviour. The original complaint was lodged in February 2005 and the alleged anticompetitive behaviour related to the period between
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
Weeks after independent fibre operator Metrofibre Networx completed the roll-out of high-speed fibre-optic access infrastructure to Rivonia in Johannesburg, the company has announced it has extended the network to Linbro Business Park, a giant office park complex east of Sandton. Metrofibre Networx
Jeffrey Hedberg’s short-lived tenure as chief operating officer of Altech and CEO Craig Venter’s very public reaction to his resignation appear to reflect deep underlying tensions in the Venter family empire. Can Altron founder Bill Venter, now 77, hold the family-run
Altech CEO Craig Venter has taken umbrage at a report in the Sunday Times that questioned his leadership style and that implied it may be time for him to step down from the JSE-listed technology group. The article, published in the Business Times section of the newspaper on 29 January, said
Independent telecommunications infrastructure operator Metrofibre Networx has extended its “open-access” fibre network across the Johannesburg suburb of Rivonia, meaning businesses and some residential homes in the area can now get high-speed Internet connections of up to 1Gbit/s. The area covered
Your crew this week consists of Andy Hadfield, Brett Haggard and Simon Dingle. They discuss Alan Knott-Craig taking the reins at Cell C, Jeffrey Hedberg leaving Altech, BlackBerry’s CEO shuffle, Microsoft’s renaissance post Gates, CEO Twitter rockstars and social networking in 2012, and much more