Browsing: Altron TMT

Altron’s year of expensive lessons

JSE-listed technology group Altron will in future be a significantly smaller business focused on the IT and telecommunications industries as it sheds non-core assets and loss-making businesses, especially in the legacy power infrastructure side of its business. Robbie Venter has resolved

Hilton Tarrant
Altron’s very costly mistake

In the end, as we know, Nashua Mobile blinked first. The announcement 18 months ago that it would sell the subscriber bases of its mobile service provider business caught much of the market unawares. But those close to the mobile sector weren’t

End of an era as Craig Venter steps down

Craig Venter, the 52-year-old son of Altron founder Bill Venter, has quit the group after 27 years of service. The move was not entirely unexpected after Altron last week announced it would

Duncan McLeod
Troubled Altron seeking new blood

It’s been 50 years since Bill Venter, then a 33-year-old telecommunications engineer, founded Allied Electric, the company that would go on to become the Altron group. Alongside publication of its results for the year ended February 2015, Altron

Altron committed to Altech Node

Despite “lower than expected take-up” of the Altech Node video-on-demand and home automation set-top box, Altron remains committed to the product and is exploring new opportunities to improve its market share. That’s the word

Bytes snaps up Inter-Active Technologies

Altron TMT subsidiary Bytes People Solutions, part of the Bytes Technology Group, has made an offer to acquire Inter-Active Technologies, a specialist customer interaction management business, for an undisclosed sum. The agreement has been signed, but the deal is still subject to the approval of the

Altron turns in sparkling results

Altron appears to be firing on all cylinders. The technology group, which owns Altech, Bytes and Powertech, has reported a 49% improvement in normalised headline earnings per share on the back of a 12% improvement in revenue. It has hiked its dividend to 80c/share, from 60c in 2013. The strong performance was underpinned

Altron expects leap in earnings

A strong performance by Altron’s newly created TMT division, which includes subsidiaries Bytes and Altech, is expected to underpin a sharp rise in the group’s earnings in the year to 28 February 2014. Altron informed shareholders on Thursday that it expects its headline earnings per share for the full year to be between