Altech’s share price fell by more than 4% in late afternoon trading on Wednesday after it turned in a huge loss for the financial year ended 28 February. The JSE-listed technology group, which has had a torrid time in recent years because of the poor performance of its operations outside South Africa, turned
Browsing: Autopage Cellular
Technology group Altech has reported a 27% decrease in adjusted headline earnings per share, from 529c to 388c, on poor performance from its operations in West Africa and continuing underperformance of its businesses in East Africa. The group eked out a 3,3% increase in revenues to just shy of R10bn
Altech Autopage Cellular, SA’s biggest independent cellular service provider, has backed away from plans to launch a mobile virtual network operator (MVNO) after giving serious thought last year to the idea of launching one. Altech CEO Craig Venter said as recently as September 2011 that Autopage Cellular was considering
Altech Autopage Cellular has acquired sister company Altech Technology Concepts for an undisclosed sum as part of a plan to offer converged communication products and services to retail consumers and small and medium enterprises. The merged business will be renamed
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
The effect of a reduction in wholesale mobile call termination rates on JSE-listed technology group Altech’s cellphone service provider subsidiary,…