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 technology and telecommunications group Altech is no longer in talks to buy Kenyan IT firm Symphony, it said in a statement on the JSE’s Sens news service on Wednesday. “In response to speculation regarding Altech’s interest in unlisted
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
Altech CEO Craig Venter believes East Africa remains a powerful opportunity despite the region dragging down the JSE-listed technology group’s results in the six months to the end of August. The East Africa business reported an operating loss
Kenya and Tanzania are to get high-speed fibre-to-the-home connections offering a triple-play bundle of broadband, telephony and cable television thanks to a US$200m investment from the private sector. The company behind the project, Wananchi — which is backed by Cisco Capital and East Africa Capital Partners — says it would love to do the same in SA, but the regulatory environment here precludes it from doing so.