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 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.

Altech announces R1,5bn BEE deal

Technology group Altech on Monday announced a black economic empowerment (BEE) transaction valued at R1,5-billion.

Tribunal: Costs award against Altech justified

The costs award against Altech was justified, the Competition Tribunal said on Monday.

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.

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.

MTN 'confident' merger won't smother competition

Cellphone operator MTN said on Thursday that its acquisition of Verizon SA won't thwart competition.

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.

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.

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.

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.

Altech and Neotel sign major deal

Altech announced on Wednesday that its telecommunications subsidiary, Altech Autopage Cellular, has signed a distribution agreement with Neotel.

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.

Anglo, Billiton still weigh on JSE

Resource heavyweights Anglo American and BHP Billiton continued to weigh on the JSE in midday trade on Tuesday, with the all-share pulling back almost half a percent from its earlier levels. By midday, the JSE all-share index dropped 0,69% as resources gave up 0,96%. The gold-mining index shed 0,12% but the platinum-mining index improved 0,42%. Industrials lost 0,53%.

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