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Altech in key empowerment drive

Craig Venter, CEO for Altech, a South African multi-billion rand high-tech group, shares his insights on the future of the group, the SA government’s role in the ICT sector and a recent empowerment deal with Southern Palace. ITNewsAfrica.com: What...

East Africa boosts Altech’s profits

Altech East Africa will in the next three years be the core of Altech Group’s growth as it is expected to contribute 45% of the total profit, Craig Venter, the firm’s CEO revealed today when he announced the group’s...

Altech invests $39 million in Kenya

Altech has invested a further $39.5 million to increase its stake in Kenya Data Networks (KDN) to 60.8%, the company announced on Tuesday. The technology company which previously held 51% stake said the capital injection will be used to...

Altech and SEACOM announce strategic bandwidth alliance

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...

Solid financial results for SA tech giant Altech

South African technology Information and Communication Technology (ICT) company Altech has reported positive results for the financial year ended 28 February 2009. The company showed steady growth in operating profit, revenue and headline earnings per share despite negative prevailing economic...

Altech goes legal against MTN’s R1.4 billion acquisition of Verizon

THE Competition Tribunal is set for a bitter legal exchange, after technology group, Altech won the right to grill MTN on its planned R1,4 billion acquisition of Verizon. Lawyers representing Altech, which maintains that the proposed deal should be stalled,...

Altech prevails in court battle against SA Minister

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,...

Altech wins holding in Kenya cable operation

Listed telecoms group Allied Technologies (Altech) has secured a 10 percent stake in the Kenyan government’s undersea fibreoptic cable project, called Teams. Teams is one of five undersea cable projects linking Africa with the rest of the world, aiming to...

Altech’s African adventure progresses, profits up by 34%

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...
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African Fintech Giant Ranked as Fastest-Growing

The world’s leading financial publication confirmed Moniepoint’s accolade in its annual “Africa’s Fastest Growing Companies” survey, released yesterday. It...
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