JSE-listed technology and telecommunications group Reunert paid R171,9m for privately held ECN Telecommunications, its 2011 financial results show. Of this, R107,8m was in the form of goodwill, which means Reunert attached a fair market value to ECN of R64,1m
Andy Baker has become the third top executive at JSE-listed technology and telecommunications group Reunert to quit in as many months, following the departure of CEO Nick Wentzel in September and commercial director Gerrit Oosthuizen last month. Baker, who will
It’s a deal that’s been a long time coming. After many months of careful planning and negotiation, Cell C will sell 3 200 of its cellular base stations to US-based American Tower Corp (ATC) for US$430m (R2,9bn). The company will use the money to restructure its balance sheet.
Vodacom, MTN and Cell C should be thankful they don’t have the UK’s Ofcom regulating them. Ofcom, which is the UK’s equivalent of the Independent Communications Authority of SA (Icasa), has proposed reducing mobile termination rates to just 0,5p/minute — that’s 5,5c in SA currency. The British regulator wants the rate to fall from 4,3p [...]
SA consumers, used to high prices for telecommunications, must be rubbing their hands in glee. The cost of broadband and voice telephony has begun falling, in some cases dramatically, as competition finally begins to take effect
SA’s technology industry grabbed more public attention in 2009 than it has in years. In spite of the recession, the news flow has been constant, and not all of it has been bad. Undoubtedly, the biggest story of the year on the business front was Telkom’s sale and unbundling of its 50% stake in cellular [...]
Has a secret, back-room deal been reached between mobile operators and government over interconnection fees? All signs are pointing to a deal that stonewalls the Independent Communications Authority of SA (Icasa) and allows Vodacom, MTN and Cell C to maintain interconnection rates — the fees the mobile operators charge each other and other network providers [...]
Interconnection rates are coming down. SA’s three mobile operators, MTN, Vodacom and Cell C, have agreed to cut the peak rate they charge other operators to carry calls on their networks by 36c, from R1,25/minute to 89c/minute. Communications minister Siphiwe Nyanda, pictured, made the announcement in parliament on Thursday evening. The cuts will take effect [...]
ECN Telecommunications CEO John Holdsworth says there is no reason mobile interconnection rates should not come down in one fell swoop rather than over a period of years. MTN, Vodacom and Cell C have all argued that the rates should come down on a “glide path” over a number of years to avoid what is [...]
ECN Telecommunications is in talks with a number of large international mobile operators with a view to setting up a cellular carrier in SA that will compete directly with incumbents Vodacom, MTN and Cell C. ECN CEO John Holdsworth says the company is considering selling a majority stake to the right foreign partner. He confirms [...]
TechCentral is proudly hosted by:
