Altech Autopage, the independent cellular service provider in the Altron stable, plans to acquire 65 000 Cell C subscribers from rival Nashua Mobile for R91,5m (plus VAT). The deal comes just weeks after Nashua Mobile’s parent, Reunert, announced it was selling the company’s Vodacom and MTN subscribers to the two mobile network operators
Profits at Nashua Mobile plunged by 41% year on year in the six months to 31 March 2014, falling from R101,8m to R60,4m, parent Reunert disclosed in its interim results on Tuesday. This was on the back of a 2% decline in revenue, from R1,85bn to R1,81bn, at the independent cellular service provider, whose customer base Reunert has
Come join us as your hosts, Duncan McLeod and Regardt van der Berg, tackle another week’s technology news in the TalkCentral podcast. In the show this week, they chat about Cell C’s move to cut headline prepaid rates to 66c/minute and what that means for the company and for the industry. Also in the podcast this week are
Altron intends hanging tough with subsidiary Altech Autopage. The diversified technology group’s CEO, Robbie Venter, says it has no plans to sell Autopage or its million-strong subscriber base after rival Reunert announced in April that it would sell Nashua Mobile’s base. The decision by Reunert means Autopage will soon be the last
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 has effectively increased its shareholding in subsidiary Bytes through a R669,2m cash deal in terms of which Bytes South Africa has acquired 27% of its equity held by two empowerment partners. The JSE-listed technology holding company controlled the Venter family said on Friday that it had acquired the shares from Kagiso Strategic
If there was anyone still doubting that the price war, triggered in part by communications regulator Icasa’s cuts in call termination rates, is starting to take its toll on South Africa’s mobile industry, they would have been disabused of that notion this week with the news that the Reunert-owned Nashua Mobile is to close down. As many as 600 people
Altron is keeping mum about the future of subsidiary Altech Autopage Cellular in the wake of news this week that the cellular service provider’s most direct rival, Reunert’s Nashua Mobile, has decided to sell off its customer base and close up shop. All Altron will say when contacted by TechCentral is that the JSE-listed group
Altech has bought the 50% (less one share) of NuPay that it doesn’t already own in a deal valued at R80m, the technology company owned said on Tuesday. The Altron-owned company bought its initial stake in NuPay in 2009. NuPay forms part of the Card Solutions division of Altech, which is to be integrated with the Bytes
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
