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.
Browsing: Convergence Partners
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.
ICT industry veteran Oliver Fortuin will take over from Byron Clatterbuck as CEO of Seacom with effect from January 2021.
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.
Dimension Data has sold its iconic office complex in northern Johannesburg, known as The Campus, to a consortium of black women investors, and announced a major employee share scheme.
Seacom said on Wednesday that it has reached an agreement to buy 100% of national open-access fibre provider FibreCo for an undisclosed sum.
Seacom, which operates an undersea cable that connects Africa to Europe and Asia, is not commenting on speculation that it is in talks to buy South African fibre provider FibreCo Telecommunications.
Long-distance South African fibre provider FibreCo Telecommunications plans to connect towns on its national backhaul routes, and will start with Kroonstad in the northern Free State, it said on
One of the world’s largest telecommunications operators, New York-headquartered Verizon Communications, will back a new 5G network to be deployed in South Africa by local telecommunications company Comsol