Pan-African telecommunications operator Liquid Telecom has established a satellite hub at Teraco’s vendor-neutral satellite earth station in South Africa in a project worth several million dollars. The company says the hub will allow it to keep telecoms traffic originating
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Altech, a subsidiary of Altron, plans to sell its Liquid Telecom stake, acquired in January 2013, to Econet Wireless, Liquid’s parent company. The 8,6% stake will be sold to Econet for US$55m, giving Liquid an implied value of $640m. Altech says it is exercising this option because the stake
Liquid Telecom has opened what it’s calling the largest data centre in East Africa, in Kenya’s capital city of Nairobi. The data centre currently occupies four floors, with 500sqm of usable whitespace and 160 racks per floor. The facility has been built by a new Liquid Telecom
The Kenyan government may have to inject Ksh6bn (R700m) into troubled fixed-line operator Telkom Kenya, according to Kenyan media reports. France’s Orange owns 51% of the company. Telkom Kenya has requested a total of Ksh13,9bn (R1,6bn) from government and Orange, saying it needs the cash to pre-empt a deepening
The performance of IT services group Bytes was the only bright spot in an otherwise poor set of annual financial results from JSE-listed conglomerate Altron, whose numbers were dragged down by subsidiaries Altech and Powertech. Group headline earnings per
Altech will not give up on the idea of pursuing international acquisitions, despite the financial disaster it that has unfolded for it in East and West Africa in recent years. However, the JSE-listed technology group will take a breather before pursuing new deals, says CEO
Altech’s share price fell by more than 4% in late afternoon trading on Wednesday after it turned in a huge loss for the financial year ended 28 February. The JSE-listed technology group, which has had a torrid time in recent years because of the poor performance of its operations outside South Africa, turned
Altron and subsidiary Altech both cautioned their shareholders within moments of one another on Friday that they were in talks that could have an impact on the share prices of the two companies. The move has ignited speculation that Altron could have another go at delisting Altech, which
JSE-listed technology group Altech is selling its troubled East African businesses in a complex deal which will see fibre-optic telecommunications specialist Liquid Telecom taking over the assets. As part of the transaction, Altech will take an 8,6% stake in Liquid, which operates
When he isn’t talking at technology conferences and seminars, or travelling to them, 49-year-old Steve Song lives and works in Durbanville near Cape Town. He’s perhaps best known for his map of the various submarine cables that have landed in Africa in recent years, and for his passionate advocacy of the use of television white-spaces