South Africa’s stately progress towards implementing fibre to the home (FTTH) has taken a turn for the better after two residents’ associations took matters into their own hands. One, Parkhurst in Johannesburg, has appointed a supplier and the other, nearby Parkview, is asking for quotes on delivering home fibre. The big gorillas in South Africa’s
Altron has effectively increased its shareholding in subsidiary Bytes through a R669,2m cash deal in terms of which Bytes South Africa has acquired 27% of its equity held by two empowerment partners. The JSE-listed technology holding company controlled the Venter family said on Friday that it had acquired the shares from Kagiso Strategic
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
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
