Browsing: Huge Group

JSE-listed Huge Group has reached a deal to acquire the remaining assets belonging to the former Virgin Mobile South Africa, now known as Tethys Mobile.

Huge Group has secured new debt financing from Rand Merchant Bank, in the process refinancing existing debt and giving the firm additional ammunition for acquisitions.

JSE-listed Huge Group, which has been quiet since abandoning its pursuit of now-delisted Adapt IT, said on Monday that it has acquired a stake in Glovent Solutions.

TechCentral spoke to Adapt IT CEO Tiffany Dunsdon about the software services group’s wild 2021 and what the future holds.

MTN Group had a barnstorming 2021. The telecommunications group, despite its size, was the best performer among technology shares in South Africa last year.

Failure by a regulator in Zimbabwe to approve timeously the sale of JSE-listed Adapt IT to Canada’s Volaris Group is now holding up the planned transaction.

Software services group Adapt IT eked out a 1% improvement in revenue in what will likely be its final set of results as a listed company on the JSE.

Huge Group has abandoned its efforts to play a role in the future of Adapt IT. That much is clear after it emerged on Tuesday that it has sold its 1.9% stake.

Huge Group’s efforts to acquire software services group Adapt IT appears to be all over bar the shouting. This after shareholders representing just 1.9% of Adapt IT shares accepted its offer.

Huge Group has been ordered to retract another video about its all-share offer to buy software services group Adapt IT, forcing it into an embarrassing climbdown as it works to secure the support of Adapt IT shareholders.