Convergence Partners, the private equity investment firm controlled by businessman and entrepreneur Andile Ngcaba, has announced the first close of its third fund after raising $120-million.
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Has communications regulator Icasa just snatched away prime 5G spectrum from under the noses of South Africa’s big mobile operators?
Convergence Partners, the investment vehicle created by businessman Andile Ngcaba, has acquired Ctrack’s operations in Africa and the Middle East from Nasdaq-listed Inseego.
Andile Ngcaba, the former chairman of Dimension Data Middle East & Africa, is suing the company over alleged racial discrimination and after it allegedly violated an undertaking over equal pay.
Fibre industry lobby group FTTx Council Africa announced on Wednesday that it is rebranding as the Digital Council Africa to reach a broader audience.
Telecommunications sector CEOs made a commitment on Tuesday to work with government to roll out fibre in rural communities and connect communities to the Internet grid.
Vodacom’s business services arm is selling assets in several key markets in the rest of Africa, outside South Africa, the telecommunications group said on Friday.
Communications minister Stella Ndabeni-Abrahams has welcomed the first meeting of the Presidential Commission on the Fourth Industrial Revolution (4IR) as a step towards achieving its objectives.
Seacom said on Wednesday that it has reached an agreement to buy 100% of national open-access fibre provider FibreCo for an undisclosed sum.
Comsol Networks, a telecommunications business backed by Andile Ngcaba’s Convergence Partners, has launched the first 5G network in Soweto.