Vodacom has bought set-top boxes from Altech’s Durban-based UEC subsidiary that are capable of delivering both fixed-line and wireless Internet protocol television (IPTV) services to consumers, apparently as part of an internal trial. Though Vodacom confirms it has bought two decoders for testing, company spokesman Nomsa Thusi says
Browsing: Craig Venter
JSE-listed technology group Altech is looking internally for a new chief operating officer. This follows the short-lived tenure of former Telkom acting group CEO Jeffrey Hedberg in the role. “We want to make the right appointment and ensure it is the right appointment,” says Altech CEO Craig Venter. “This will probably be an internal
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
JSE-listed technology group Altech expects headline earnings per share for the year ended February 2012 to be as much as 30% lower against a year ago as problems at its operations outside SA continue to weigh on the group’s financial performance. Altech says headline earnings per share will decline by between 24% and 30% as a result
The supreme court of appeal has dismissed, with costs, applications from the Competition Commission and tracking company Tracetec against Altech Netstar in which they claimed Netstar engaged in anticompetitive behaviour. The original complaint was lodged in February 2005 and the alleged anticompetitive behaviour related to the period between
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
Jeffrey Hedberg’s short-lived tenure as chief operating officer of Altech and CEO Craig Venter’s very public reaction to his resignation appear to reflect deep underlying tensions in the Venter family empire. Can Altron founder Bill Venter, now 77, hold the family-run
Altech CEO Craig Venter has taken umbrage at a report in the Sunday Times that questioned his leadership style and that implied it may be time for him to step down from the JSE-listed technology group. The article, published in the Business Times section of the newspaper on 29 January, said
Jeffrey Hedberg has resigned as Altech’s chief operating officer less than nine months after joining the JSE-listed technology group, adding to a growing exodus of top management. Hedberg, a US national who was previously acting group CEO at Telkom, was appointed to Altech