Browsing: Altech

Despite the tough economy, at least one area of business is booming. Data centres, some of them vast structures costing hundreds of millions of rand each, are popping up across the countryside. We have the free market to thank

Altech has bought software vendor Swist Technology Solutions for R52m. It will pay R30m upfront, with the balance to be paid over three years, depending on whether specific profit targets are achieved. Swisttech management and

Listed technology companies Altech and Altron, its parent, have warned shareholders that market conditions are not improving as quickly as they had hoped and this could undermine earnings. For its part, Altech, which owns

Altech’s largest subsidiary, Autopage Cellular, is keen to expand beyond its core business as a cellphone service provider. This comes as pressure

JSE-listed technology group Altech has lost two of its most senior executives. James Rutherfoord, Altech’s group executive for telecommunications, has left to head up Nokia in West Africa. And chief technology officer

Sentech looks set to close loss-making divisions, including its once much-vaunted telecommunications carrier-of-carriers division and its direct-to-home satellite television business, to focus on its core business of signal distribution.

Triple-play services, consisting of television, telephony and broadband Internet access, delivered over the same physical cable infrastructure, are not something one typically associates with African telecommunications. Now, however, a Kenyan company, Wananchi, is planning to bring fibre connectivity to hundreds of thousands of homes in East Africa, in the process remaking how a continent thinks about what can be done with high-speed connectivity.

Altech UEC, a Durban-based manufacturer of digital decoders and set-top boxes, has filed papers in the Pietermaritzburg high court against state-owned broadcast signal distributor Sentech. Sentech has been given until next Thursday

Altron has been hit by the lagging performance of its traditionally strongest subsidiary, Altech. The group released its interim results for the six months ended 31 August 2010, reporting a 3% dip in revenue from R12,1bn to R11,7bn. However, the group marginally boosted profit