Browsing: Nashua

Growth in operating profit from continuing operations, coupled with additional proceeds from the sale of Nashua Mobile subscribers and interest earned on the full proceeds, have underpinned Reunert’s results in the six months ended March 2015

JSE-listed technology group Altron is in advanced-stage discussions to sell the mobile subscribers of Altech Autopage. It’s a move that comes just a year after Nashua Mobile, owned by Reunert, concluded a similar transaction. Altron has been

Profits at Nashua Mobile plunged by 41% year on year in the six months to 31 March 2014, falling from R101,8m to R60,4m, parent Reunert disclosed in its interim results on Tuesday. This was on the back of a 2% decline in revenue, from R1,85bn to R1,81bn, at the independent cellular service provider, whose customer base Reunert has

Service provider Nashua Mobile has agreed to sell its MTN and Vodacom subscriber bases to the two mobile operators and is in talks to sell its Cell C subscriber base, too, parent Reunert told shareholders on Monday. Nashua Mobile will receive almost R2,3bn from the sale, before VAT. It appears that the two big mobile

Cell C employees began moving into the company’s sprawling new campus, built at the confluence of the N1 and N3 freeways in Woodmead, near Midrand, at the end of last year. The 50 000sq m facility includes a main head office facility, a customer service centre, a new national network

Reunert has lifted its total cash dividend per share by 12%, to 275c, on the back of a 9% increase in normalised headline earnings per share for the year ended 30 September 2012. The JSE-listed technology and telecommunications group, whose brands include Nashua Mobile and

Reunert subsidiaries Nashua ECN and Nashua Communications are to be merged on 1 October to create a new business with more than R1bn in annual revenues and 600 employees. The combined entity will trade under the name of Nashua Communications and will be headed by the current

Third mobile operator Cell C plans to build a new, 50 000sq m campus north of Sandton to integrate its disparate offices, which are located across Johannesburg, from Parktown to Sandton. The new facility, which will house Cell C’s head

AppChat founder John Holdsworth has fired back at Reunert and its subsidiary Nashua ECN, of which he is founder and former CEO, accusing the JSE-listed group of using a lawsuit against him and his new company as an attempt to “prevent fair competition

JSE-listed electronics, engineering and telecommunications group Reunert is upset over an apparent exodus of employees from its subsidiary, voice communications specialist Nashua ECN, to John Holdsworth’s new start-up AppChat and is now considering legal action. TechCentral has learnt that Reunert is planning to put out