Independent cellular service provider Altech Autopage is likely to be closed down as soon as February next year, with its million or so subscribers sold to the network operators for about R1,5bn
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While the number of fixed lines in service in South Africa continues to fall, the opposite is happening in Kenya, where Telkom Kenya has grown the number of fixed lines in service from 248 300 to 251 567, or by 1,3%, year on year
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 Altech has appointed Shahab Meshki as new CEO of its struggling East Africa business Kenya Data Networks. At the same time, the technology group is reported to be in talks to buy Kenyan IT firm Symphony in a deal that could be worth as much as US$60m
JSE-listed telecommunications group Altech is to increase its stake in Kenya Data Networks (KDN) from 51% to 60,8% in a…