Altech corporate news
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ALTECH TO SELL NAMITECH SOUTH AFRICA TO GEMALTO
Wednesday, December 17, 2008
Gemalto, the world leader in digital security, and Allied Technologies Limited (Altech) announced today, that they have entered into an agreement whereby Altech will sell its Altech NamITech South Africa business to Gemalto....read more
ALTECH'S COURT 'HAT-TRICK'
Thursday, November 06, 2008
Allied Technologies Limited (Altech) announced today that The Minister of Communications’ urgent application to the Johannesburg High Court for a declarator, that its Notice of Application for Leave to Appeal suspended Altech’s entitlement to an I-ECNS licence, together with an interdict prohibiting the Independent Communications Authority of South Africa (ICASA) from issuing Altech with the licence, was dismissed by Judge Blieden today. ...read more
ALTECH PREVAILS YET AGAIN
Friday, October 31, 2008
Altech announced today that it has been successful in opposing the Minister of Communications, Ivy Matsepe-Casaburri, in her application for Leave to Appeal against the Independent Communications Authority of South Africa (ICASA) / Value Added Network Services (VANS) judgment, which found in favour of Altech Autopage Cellular, on the 29th of August 2008. ...read more
ALTECH PROFIT UP 34%
Tuesday, September 30, 2008
Allied Technologies Limited (Altech) today announced remarkable half-year results for the period ended 31 August 2008. Revenue increased by 13% to R4.5 billion, the company’s operating profit increased by 34% to R409 million and headline earnings per share was up by 19% to 261 cents. Altech Chief Executive Officer, Craig Venter commented that the company’s continued strong balance sheet and net asset value of 1 974 cents underpinned the group’s expansion strategy, with notable progress in several areas having been made during the half-year, particularly in Africa.
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ALTECH WINS HIGH COURT VERDICT
Friday, August 29, 2008
Allied Technologies Limited (Altech) announced today that the Pretoria High Court has ruled in favour of Altech Autopage Cellular to the entitlement of having its existing Value Added Network Services (VANS) licence converted into an individual electronic communications network service (I-ECNS) licence enabling the group’s telecommunications subsidiary to develop and operate its own telecommunications network....read more
ALTECH AND NEOTEL SIGN MAJOR DEAL
Wednesday, August 27, 2008
Allied Technologies Limited (Altech) announced today that its telecommunications subsidiary, Altech Autopage Cellular, has signed a distribution agreement with Neotel. The channel partnership affords Altech Autopage Cellular the opportunity to market Neotel’s entire product range, allowing customers to purchase “off the shelf” fixed line, voice and data products. The partnership, which is effective as of the 27th of August 2008, will provide South Africa’s new telecommunications network with a nationwide retail distribution point.
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ALTRON LAUNCHES ITS TRANSFORMATION VISION 2012
Thursday, August 21, 2008
A new vision for transformation adopted by the management of Altron was unveiled to Altron stakeholders and customers at a launch function in Johannesburg today. ...read more
ALTECH PROFITS UP 23%
Thursday, April 24, 2008
Allied Technologies Limited (Altech) announced its results today for the year ended 29 February 2008. Headline earnings per share improved by 23% to 551 cents. Revenue increased by 22% to R 8.2 billion, and operating profit by 17% to R 664 million. Net asset value per share increased from 1863 cents to 2026 cents with cash balances of R 1 591 million reflecting the strength of Altech’s balance sheet. Return on shareholders’ equity remained strong, increasing from 22.7% to 25.4%. A dividend of 288 cents per share was declared, representing an increase of 20%. ...read more
ALTECH SECURES MAJOR DEAL
Monday, March 03, 2008
Allied Technologies Limited (“Altech”) today announced that it has acquired a controlling interest in three subsidiaries of Kenya’s Sameer ICT group for US $85.2 million (approximately R650 million). The transaction, effective 1 March 2008, sees Altech acquire a 51% controlling interest in Kenya Data Networks Limited (KDN), Swift Global (Kenya) Limited (Swift) and Infocom Limited (Infocom). ...read more
ALTECH SHINES AT TECHNOLOGY TOP 100 AWARDS
Monday, February 25, 2008
Allied Technologies (Altech) were dominant in the Technology Top 100 Awards at a prestigious awards evening held on Thursday 21st February 2008 at the University of Johannesburg. The event was hosted by the Da Vinci Institute for the Management of Technology and Innovation under the auspices of the Department of Science and Technology, with Altech winning three Excellence awards. ...read more
ALTECH APPOINTS A CHIEF OPERATING OFFICER
Monday, February 04, 2008
Altech announced today that it recently appointed Andy Baker as Chief Operating Officer (C.O.O.) for the group. The position filled by the previous Managing Director of Altech Netstar is due to the rapid expansion and global nature of Altech’s business. Baker, who commenced his duties on the 1st of January this year will report directly to Craig Venter, Chief Executive Officer, and will be responsible for the operational delivery of the group companies.
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