Andy Openshaw has stepped down as chief operating officer and as an executive director at Huge Group.
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The decision by three top directors at Huge Group to resign from the board on Friday came as a “complete surprise and shock”, said CEO James Herbst.
Leading directors at Huge Group, including its chairman, Duarte da Silva, have resigned amid an apparent boardroom fracas.
JSE-listed Huge Group has reached a deal to acquire the remaining assets belonging to the former Virgin Mobile South Africa, now known as Tethys Mobile.
Cell C terminated the provision of network services to Virgin Mobile South Africa at 5pm on Wednesday, signalling the death of the country’s first mobile virtual network operator.
Vodacom South Africa is building a platform to support mobile virtual network operators and expects to launch this soon after the conclusion of the spectrum auction next March.
Virgin Mobile, the first virtual mobile network operator to be launched in South Africa, has been placed into voluntary business rescue.