Altech corporate news
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MTN AND ALTECH SIGN FIVE-YEAR AGREEMENT
Monday, December 12, 2005
MTN South Africa and Altech have signed an agreement whereby Altech’s wholly-owned subsidiary, Altech Autopage Cellular, will continue as an MTN distribution channel for a further five years...read more
VODACOM AND ALTECH SIGN FAR-REACHING AGREEMENT
Monday, October 10, 2005
Vodacom and Altech today confirmed that a long-term and far-reaching agreement has been signed whereby Altech’s wholly-owned subsidiary, Altech Autopage Cellular, will be a preferred Independent Service Provider to the Vodacom network for at least the next five years – with an option of a further 5 years – at “highly satisfactory” terms for both parties. ...read more
ALTECH CONTINUES STRONG GROWTH
Wednesday, September 28, 2005
Altech Technologies Limited (Altech) has again reported impressive financial results for the 6 months ended 31 August 2005, with all income, balance sheet and cash flow metrics showing strong positive increases. ...read more
SETTLEMENT REGARDING ECONET WIRELESS GLOBAL LIMITED (“EWG”)
Wednesday, September 21, 2005
Altech shareholders are referred to the announcement dated 31 August 2005 stating that Altech had entered into a settlement agreement (“the settlement agreement”) between inter alia Altech and the other shareholders of EWG (“the TSMI shareholders”). ...read more
ALTECH RESPONDS TO ECONET ALLEGATIONS
Monday, August 15, 2005
Altech, South Africa’s leading R5,5 billion turnover TMT group, listed on the JSE Securities Exchange where, according to the Financial Mail, it is South Africa’s eleventh best listed company, stated the following yesterday with regard to the Econet joint venture. ...read more
ALTECH’S STATEMENT REGARDING ITS ECONET INVESTMENT
Monday, August 08, 2005
Allied Technologies Limited (“Altech”) regrets that circumstances involving Econet Wireless Global Limited (“EWG”), in which Altech holds 50% plus one share of the equity, have necessitated the decision by Altech’s board to apply for a fair and equitable winding up of EWG or a court order that Altech should buy the interests of EWG’s other shareholders in EWG (or that they should buy Altech’s investment in EWG). ...read more
ALTECH CONTINUES GROWTH PATH
Wednesday, May 04, 2005
The group’s revenue increased in excess of 34 percent to R5,6 billion, with operating income increasing by 48 percent to R493 million. This resulted in headline earnings per share of 339 cents, which represents a 12 percent increase for the 12 month period. Return on shareholder’s equity remains in excess of 20 percent , with cash on hand of R812 million after investments in acquisitions in excess of R960 million and the share buy-back of R248 million. Dividends have increased by 21 percent to 174 cents per share (143.75 cents). ...read more
INVESTMENT BY ALTECH IN THE ECONET WIRELESS GROUP (50% PLUS ONE SHARE)
Tuesday, January 25, 2005
Further to the announcement published on 25 November 2004, regarding the above, shareholders of Altech are now advised as follows: ...read more
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