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Altech in talks for $60m Kenya firm Symphony
Altech is in talks to pay up to $60-million for unlisted Kenyan IT firm Symphony to help revive its struggling business in fast-growing East Africa.
Altech
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Altech slams digital-standards delay
Should the government decide to change the standard for digital terrestrial television set-top boxes, Altech will take legal action, it says.
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Altech full-year profit flat
Altech reported little change in full-year profit on Tuesday, but the IT and telecoms firm said it was considering acquisitions to boost its business.
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Altech announces R1,5bn BEE deal
Technology group Altech on Monday announced a black economic empowerment (BEE) transaction valued at R1,5-billion.
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Tribunal: Costs award against Altech justified
The costs award against Altech was justified, the Competition Tribunal said on Monday.
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Tribunal warns Altech’s CEO Craig Venter
The Competition Tribunal has written to Altech CEO Craig Venter demanding that he retract a statement made to a newspaper.
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Tribunal gives green light to MTN deal
The Competition Tribunal on Thursday unconditionally approved cellphone operator MTN’s acquisition of a 69,4% stake in Verizon SA.
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MTN ‘confident’ merger won’t smother competition
Cellphone operator MTN said on Thursday that its acquisition of Verizon SA won’t thwart competition.
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Altech permitted to contest MTN, Verizon deal
South African ICT firm Allied Technologies (Altech) has been granted leave to participate in merger proceedings between MTN Group and Verizon SA.
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Government loses appeal against Altech
ICT firm Altech has successfully opposed the government’s high court appeal against a judgement that the company can build its own networks.
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Altech boosts profit, sees growth
Altech posted a 19% rise in first-half headline earnings per share on Tuesday and said it was well placed for real growth in the second half.
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Court rules that carriers can build own networks
SA businesses can look forward to cheaper telecommunications services after a ruling by the Pretoria High Court.
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Altech and Neotel sign major deal
Altech announced on Wednesday that its telecommunications subsidiary, Altech Autopage Cellular, has signed a distribution agreement with Neotel.
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JSE sharply down in midday trade
The JSE was sharply weaker at noon on Thursday, led by banks after worse-than-expected factory-gate price inflation data pretty much sealed the case for another interest-rate hike in June, traders said. By 11.54am the JSE’s broader all-share index was down 0,96%, weighed by a 1,99% drop in banks.
