Former top equities analyst and senior banker Duarte da Silva and former MTN South Africa CEO Zunaid Bulbulia are set to invest more than R125m buying significant minority positions in listed telecommunications company Huge
Browsing: James Herbst
JSE-listed telecommunications company Huge Group has reached an agreement to acquire ConnectNet Broadband Wireless and its wholly owned subsidiary, tier-one Internet service provider Sainet, for at least R275m, pending
Niche telecommunications provider Huge Group is mulling acquisitions after reporting a 45% improvement in headline earnings per share for the year ended 29 February 2016, despite only a modest 6% improvement in revenue. Operating profit rose
Huge Group will begin trading alongside major telecommunications operators MTN and Vodacom after the JSE approved its move from the Alternative Exchange to the bourse’s main board.
Telecommunications provider Huge Group has called off a plan to acquire ICT specialist Centracom for R81,6m, saying it was unable to reach agreement with “relevant shareholders” about a funding arrangement to make the deal happen. A memorandum of agreement between
JSE-listed alternative telecommunications provider Huge Group has signed a memorandum of agreement in terms of which it intends acquiring 100% of specialist ICT company Centracom for R81,6m. Most (90%) of the proposed acquisition will be settled through
Telecommunications player Huge Group is considering as many as three acquisitions, with one of them potentially worth as much as US$100m (more than R1,2bn), as it seeks to play a leading role in the consolidation of the industry in South Africa. The company has
JSE-listed telecommunications company Huge Group on Tuesday warned shareholders that it is in discussions about a strategic acquisition, cautioning that the deal is big enough to require their
Huge Group CEO James Herbst and former chairman Anton Potgieter have had fines of R5m levied on each of them by the JSE reduced to R3m following a contestation of the bourse’s decision at the Appeal Board of the Financial Services Board. In November 2009, the JSE imposed the fines after it
Alan Knott-Craig has played his first card since being appointed as CEO of Cell C on 1 April. The operator has released a new least-cost routing (LCR) product, called LCRAnyNet, that Knott-Craig says will “reduce the cost of telecommunications for business and will bring down the barrier for small