Altech

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.

Should the government decide to change the standard for digital terrestrial television set-top boxes, Altech will take legal action, it says.

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.

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

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

The Competition Tribunal has written to Altech CEO Craig Venter demanding that he retract a statement made to a newspaper.

The Competition Tribunal on Thursday unconditionally approved cellphone operator MTN’s acquisition of a 69,4% stake in Verizon SA.

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

South African ICT firm Allied Technologies (Altech) has been granted leave to participate in merger proceedings between MTN Group and Verizon SA.

ICT firm Altech has successfully opposed the government’s high court appeal against a judgement that the company can build its own networks.

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.

SA businesses can look forward to cheaper telecommunications services after a ruling by the Pretoria High Court.

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

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…