Altech has added Warner Bros to the content bouquet offered on the Node video-on-demand and home automation set-top box in a move it says “substantially extends its content library of movie and television entertainment”. Despite “lower than
Browsing: Robbie Venter
Craig Venter, the 52-year-old son of Altron founder Bill Venter, has quit the group after 27 years of service. The move was not entirely unexpected after Altron last week announced it would
It’s been 50 years since Bill Venter, then a 33-year-old telecommunications engineer, founded Allied Electric, the company that would go on to become the Altron group. Alongside publication of its results for the year ended February 2015, Altron
Despite “lower than expected take-up” of the Altech Node video-on-demand and home automation set-top box, Altron remains committed to the product and is exploring new opportunities to improve its market share. That’s the word
Reduced demand for set-top boxes, poor sales of Altech’s much-hyped Node product, the loss of a television assembly business, tough trading conditions at Autopage Cellular and poor performance at
Powertech and Altech Autopage have acted as a drag on technology group Altron’s earnings for the six months ended 31 August 2014, but this has been offset, to a degree, by strong performances from IT services group Bytes and other businesses in the group’s TMT division. For the interim
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
Altron intends hanging tough with subsidiary Altech Autopage. The diversified technology group’s CEO, Robbie Venter, says it has no plans to sell Autopage or its million-strong subscriber base after rival Reunert announced in April that it would sell Nashua Mobile’s base. The decision by Reunert means Autopage will soon be the last
Altron appears to be firing on all cylinders. The technology group, which owns Altech, Bytes and Powertech, has reported a 49% improvement in normalised headline earnings per share on the back of a 12% improvement in revenue. It has hiked its dividend to 80c/share, from 60c in 2013. The strong performance was underpinned
JSE-listed Altron, fresh from buying out minority shareholders in subsidiary Altech and delisting it from the stock exchange, has radically overhauled its corporate identity. The move comes after Altron, which was founded in 1965 by telecommunications engineer