Retail group Spar has teamed up with Telkom and international network optimisation company Expand Networks in a R20m deal to boost the speed of the 900 telecommunications links that connect its franchise stores.
Browsing: Dimension Data
Dimension Data will suspend trade of its shares on the Johannesburg Stock Exchange on Tuesday. The suspension comes the group prepares to be bought of Japan’s Nippon Telegraph and Telephone (NTT) Corp for R24,4bn in cash.
About 93% of Dimension Data shareholders have approved the sale of the listed IT group to Japan’s Nippon Telegraph and Telephone (NTT) Corp, clearing the way for its delisting from the Johannesburg and London stock exchanges.
London- and Johannesburg-listed IT group Dimension Data is stepping up its presence in New Zealand with the acquisition, for an undisclosed amount, of IT services business Integral Axon Computer Services. The private held company
The sale of SA’s Dimension Data to Japan’s Nippon Telegraph and Telephone Corp (NTT) has received approval from the Competition Commission. The Commission has referred the deal to the Competition Tribunal and has recommended the deal go through without conditions.
With more than half a dozen SA operators rolling out their own national networks, consolidation in SA’s telecommunications industry looks inevitable. There’s a chance Cell C and Dimension Data could be the ones to kick it off. Didata division Internet Solutions looks a bit like the odd man out these days. The converged service provider, which remains a powerful force in the corporate market, is the only big player in its space that doesn’t have its own significant investment in telecoms infrastructure.
Finance minister Pravin Gordhan and the SA Reserve Bank have both given the green light to the R24,4bn all-cash acquisition of SA IT group Dimension Data by Japan’s Nippon Telegraph and Telephone Corp (NTT). Didata said on Friday that both parties had approved the offer.
The sale of SA technology powerhouse Dimension Data to Japan’s Nippon Telegraph and Telephone Corp (NTT) is a big step closer. The companies announced on Thursday that NTT’s proposed R24,4bn buy-out of Didata has been given the nod by both the European Commission and Australia’s Foreign Investment Board.
Japan’s Nippon Telegraph and Telephone Corp (NTT), which is in the process of acquiring Dimension Data in a R24bn all-cash deal, should be pleased with the SA-based technology group’s latest financial results. In the three months to 30 June 2010, Didata has lifted sales by a robust 22% over the same period in 2009, boosted by a good performance from its systems integration division.
SA’s three biggest cities are all pushing ahead with ambitious fibre-optic network projects, promising businesses and even residential customers cheaper and faster broadband. The municipalities of Durban, Johannesburg and Cape Town are all pushing ahead with plans to build thousands of kilometres of fibre infrastructure as they try to drive down communication costs in their cities.