JSE-listed technology group Altech is selling its troubled East African businesses in a complex deal which will see fibre-optic telecommunications specialist Liquid Telecom taking over the assets. As part of the transaction, Altech will take an 8,6% stake in Liquid, which operates
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Lack of certainty around the encryption and access control mechanisms to be used for digital terrestrial television, along with how millions of set-top boxes will be subsidised for poorer households, looks set to throw South Africa even further off track
Cell C is losing its chief financial officer. Fabrizio Mambrini, who joined the mobile operator five years ago, has tendered his resignation and will leave its employ soon, TechCentral has learnt. Mambrini will return to Oger Telecom, Cell C’s parent company, where
Ten months after former Telkom acting group CEO Jeffrey Hedberg stepped down as chief operating officer, JSE-listed technology group Altech has appointed a new chief operating officer. Laurence Savage, who has experience in the media, electronics, engineering and automotive
Despite good revenue growth of 11% in the six months ended 31 August 2012, JSE-listed Altron’s profits have been pummelled due to margin pressure and writedowns at subsidiary Altech. For the period, Altron reported operating profit before capital items of R586m, from R627m previously. However, the problems at Altech
The stretch of land around the confluence of the M1, N1 and N3 highways at Buccleuch, north of Johannesburg, is turning into something of a corporate information and communications technology hub. Just months after mobile operator Cell C
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
JSE-listed technology group Altech has again been hit by poor performance at its East and West Africa operations, and has warned that as a result of impairments in these businesses it expects headline and adjusted headline earnings per share for the six months ended 31 August 2012 to be between 18% and 25% lower than a year
JSE-listed technology group Altech has entered into a formal business relationship with China’s Huawei. Under the “value-added partner” agreement, Altech will provide Huawei Enterprise products, services and support in countries across Southern and East
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