Altech corporate news
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ALTECH ANNOUNCES 25% BLACK EMPOWERMENT DEAL
Monday, December 14, 2009
JSE-listed Allied Technologies Limited (Altech) is pleased to announce a 25% + 1 share Black Economic Empowerment (BEE) transaction in relation to three of its subsidiaries, Altech Netstar (Pty) Ltd, Comtech (Pty) Ltd and Altech Netstar Fleet Solutions (Pty) Ltd. ...read more
ALTECH PROFIT UP 17%
Tuesday, September 29, 2009
JSE listed Allied Technologies Limited (Altech) today announced the group’s interim results for the six months ended 31 August 2009...read more
ALTECH INCREASES STAKE IN KENYA DATA NETWORKS
Tuesday, September 22, 2009
JSE listed Allied Technologies Limited (Altech) today announced that it would increase its economic stake in Kenya Data Networks Limited (KDN) from 51% to 60.8% by investing a further USD39.5 million into the company. The capital injection will be used to roll out the KDN fibre optic network, further establishing KDN as the key provider of broadband in East Africa....read more
ALTECH AND SEACOM ANNOUNCE STRATEGIC BANDWIDTH ALLIANCE
Thursday, September 17, 2009
JSE listed Allied Technologies Limited (Altech) and SEACOM, today announced their strategic alliance for the mutual acquisition of bandwidth capacity on two cable systems. The agreement sees Altech procuring two STM-16s from SEACOM (equivalent to 5Gbps), with the option to upgrade, within three years, to double this capacity, to an STM-64. SEACOM will in turn purchase six STM-64s throughout the East Africa region on the terrestrial backbone network owned by Kenya Data Networks (KDN), a subsidiary of Altech.
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ALTECH TRADING STATEMENT
Monday, September 14, 2009
Despite the current adverse general economic conditions and challenges Altech continues to make progress and benefits from its high proportion of annuity income. All Altech operations are exceeding budget expectations – in particular, Altech East Africa, thus resulting in an annuity contribution in excess of 79%.
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ALTECH’S KENYA DATA NETWORKS LAYS 1500KMS OF FIBRE BETWEEN MOMBASA AND KAMPALA
Tuesday, August 25, 2009
“Kenya Data Networks, rolls out a fibre optic cable from Mombasa to Kampala, soon to reach Kigali and beyond”...read more
RUTHERFOORD APPOINTED MD OF ALTECH AUTOPAGE CELLULAR
Monday, August 24, 2009
Altech is pleased to announce the appointment of James Rutherfoord as the Managing Director (MD) of Altech Autopage Cellular with immediate effect. Rutherfoord succeeds Stephen Blewett who recently resigned to pursue new opportunities outside the Altech Group following six and a half years of service....read more
ALTECH’S KDN ACQUIRES STAKE IN TEAMS
Thursday, August 20, 2009
Allied Technologies Limited (Altech), through its subsidiary Kenya Data Networks Limited (KDN), today announced the acquisition of an 8.5% stake in The East Africa Marine System Limited (TEAMS) cable for an amount of USD 11 million. The investment will give KDN a 10% voting right and an effective 8.5% equity stake in TEAMS. Altech will fund its portion of the purchase price from cash reserves....read more
ALTECH SCOOPS YET ANOTHER AWARD AT IAS
Friday, June 12, 2009
Altech won the Investment Analyst Society (IAS) award as the Best Reporting and Communications Award in the General Industrial category last night, Thursday, 11 June 2009, at a gala dinner held in Sandton, Johannesburg....read more
ALTECH ANNOUNCES STERLING FULL YEAR RESULTS
Thursday, April 23, 2009
JSE listed Allied Technologies Limited (Altech), today announced a sterling set of results for the year ended 28 February 2009....read more
ALTECH ACQUIRES TECHNOLOGY CONCEPTS
Wednesday, April 01, 2009
JSE listed Allied Technologies Limited (Altech), today announced the acquisition of 100% of the equity in and claims against Lateral Technology Concepts (Pty) Ltd (Technology Concepts), an internet service provider (ISP) and information technology company, subject to the fulfillment of normal conditions precedent. ...read more
ALTECH ON TRACK FOR GOOD GROWTH
Wednesday, February 04, 2009
Allied Technologies Limited (Altech), released a statement today advising that the group is on track of further paving a road of good growth, with the announcement of its financial year-end results due for release in just a few weeks. Despite the global economic meltdown and the ripple effects that this has had in the arena that the group plays in, Altech is pleased to advise its shareholders and investors that the company is unaffected by the current turbulent trends and is on course for good growth for the period ending 28th February 2009.
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ALTECH'S STATEMENT ON ITS EXPECTED ADJUSTED HEADLINE EANINGS PER SHARE
Wednesday, February 04, 2009
In the light of the present disturbed economic environment, in South Africa and internationally, Altech wishes to inform shareholders regarding its expectation for results for its current financial year, ending 28 February 2009. This is in accordance with Altech's policy of full disclosure and timely notification of relevant information to shareholders....read more
TRIUMPHANT ALTECH FINALLY AWARDED LANDMARK LICENCES
Tuesday, January 20, 2009
JSE listed Allied Technologies Limited (Altech), announced today that the Group finally reaped the fruit of its labour when electronic communications network service (I-ECNS) and electronic communications service (I-ECS) licences were officially issued to Altech Autopage Cellular on Friday, 16 January, by the Independent Communications Authority of South Africa (ICASA). ...read more
ALTECH FURTHER LIBERALIZES TELECOMMUNICATIONS INDUSTRY
Friday, January 09, 2009
Altech was given leave to intervene in the merger proceedings between MTN and Verizon South Africa on the basis of unlawful competition practices identified by an internationally renowned economist and on the basis of MTN's punitive tariffs in respect of VoIP over data at R21,93 rather than R1,75 per megabyte more than 1000%....read more
ALTECH WITHDRAWS INTERVENTION
Wednesday, January 07, 2009
Allied Technologies Limited ("Altech") has withdrawn as an intervening party in the merger proceedings before the Competition Tribunal, in respect of MTN's proposed acquisition of Verizon South Africa, which is to be heard by the Competition Tribunal on 08 January 2009. ...read more
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