Convergence Partners, the investment management firm controlled by Dimension Data Middle East and Africa chairman Andile Ngcaba, has raised US$145m (about R1,5bn) in the “first close” of a new sub-Saharan Africa-focused communications infrastructure fund
Browsing: Dimension Data
Telecommunications regulator Icasa’s new draft regulations on local-loop unbundling are “too vague” and “too broad” to be implementable, Dimension Data division Internet Solutions has warned in a submission on the proposed regulations. IS says that the only way to
It could take six months to conclude exclusive discussions between Vodacom and Neotel, Neotel CEO Sunil Joshi said on Wednesday. In September, Vodacom announced that it had entered into exclusive negotiations to acquire Neotel, ending months of speculation that the two sides were
So, Vodacom is in exclusive talks to buy Neotel. There’s no surprise there – that Neotel is for sale is one of the telecommunications industry’s worst-kept secrets. But if the deal goes ahead, which is far from certain, it could spark further, arguably much-needed consolidation in the sector
Vodacom and Neotel have finally confirmed what the market has known for some time: that they are in discussions regarding a potential acquisition by the mobile operator of Tata Communications-controlled operator. The two parties say the talks revolve around Vodacom
Following the successful conclusion of Dimension Data’s acquisition of AccessKenya Group for R328m, the Johannesburg-headquartered company has announced that it has appointed its Middle East and Africa CEO, Derek Wilcocks, to the Kenyan company’s board
Dimension Data, the Johannesburg-headquartered IT services group owned by Japan’s Nippon Telegraph and Telephone, wants to become a much more active player in South Africa’s mobile communications industry and has been involved in talks about potential deals that will help it do this
Talk of consolidation in the telecommunications industry is rife, with speculation growing that a number of operators are either in play or may soon be. But how might a flurry of mergers and acquisitions play out? At the centre of current speculation is Neotel. Licensed
South African-headquartered technology services giant Dimension Data had concluded its R328m acquisition of East Africa’s AccessKenya Group, with all of the preconditions of the offer now satisfied. Didata is expected to pay shareholders who accepted the offer on
Open-access telecommunications infrastructure company FibreCo is turning its attention to its next big project after completing construction of a fibre-optic link between Johannesburg and East London. The 1 000km Johannesburg to East London route, which follows