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The proposed acquisition by Japan’s Nippon Telegraph and Telephone Corp (NTT) of Dimension Data will give the SA-headquartered IT group’s Internet Solutions (IS) division access to one of the world’s largest telecommunications companies. IS MD Derek Wilcocks, reacting to the news of the proposed R24,4bn all-cash deal, says it’s “incredibly positive” for IS as it will make the Didata unit part of one of the “strongest global networks, with data centres around the world”.
Japanese telecommunications group, Nippon Telegraph and Telephone Corp (NTT), is buying SA IT group Dimension Data for £2,1bn (R24,4bn). The offer represents a R5bn premium to Didata’s value on Wednesday, before the offer was announced. Didata has already received commitments to support the deal from more than half its shareholders, including Didata directors, Venfin and Allan Gray.
Communications minister Siphiwe Nyanda is planning to suspend department director-general Mamodupi Mohlala, according to a newspaper report. Business Day reports on Thursday that Nyanda may suspend Mohlala following “repeated disagreements over tenders she refused to sign”.
Reuben September’s decision to step down early as CEO of Telkom wasn’t unexpected. All eyes are now on the board, which must appoint his successor. Will it make the right choice? Or will the decision be political? It was probably inevitable that September didn’t stick around at Telkom until his con- tract ended in November. When the board elected not to renew his contract, the long- serving Telkom executive took it badly, say company insiders.
In a development laced with irony, Symantec’s World Cup 2010 website has fallen victim to the same spam threats it’s constantly warning its own customers about. The company unveiled its 2010 Net Threat site just before the start of the soccer spectacle, using it to detail a variety of World Cup-related information security threats.
The surprise resignation of Telkom chief financial officer Peter Nelson could point to deeper problems at the telecommunications group, say analysts. Birgitta Cederstrom Nicholson, technology research head at Frost & Sullivan, says Nelson’s resignation and the early exit of the company’s CEO, Reuben September, is reason for concern.
JSE-listed media group Naspers will fork out R2,9bn and give up its stake in Mail.ru in exchange for a 28,7% stake in Russian Internet giant, Digital Sky Technologies. According to a statement issued via the JSE on Wednesday, the deal will be completed through Naspers subsidiary, Myriad International Holdings. Naspers will hand over its 39,3% […]
Telkom’s chief financial officer, Peter Nelson, appears to have quit his job in part because of frustrations with the way the telecommunications group is being led by its board of directors. Telkom surprised the markets on Tuesday afternoon when it announced that Nelson had tendered his resignation just days after CEO Reuben September left the group.
In a shock development, Telkom chief financial officer Peter Nelson has resigned from the telecommunications group. The move comes less than a week after the departure of group CEO Reuben September. In a short statement issued to the JSE’s Sens news service on Tuesday afternoon, Telkom says Nelson has informed the board of his resignation as director and chief financial officer with effect from 9 October 2010.
Jean-Philippe Courtois, president of Microsoft International, was in SA last week to meet with the software company’s customers and to attend the soccer World Cup final in Johannesburg. TechCentral editor Duncan McLeod sat down with Courtois, who is responsible for all of Microsoft’s operations outside the US, for an exclusive media interview and asked him about life at the company after the departure of Bill Gates, cloud computing and the plans for its Bing search engine.