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TECHCENTRAL – Huge, Centracom deal falls through

Telecommunications provider Huge Group has called off a plan to acquire ICT specialist Centracom for R81,6m, saying it was unable to reach agreement with “relevant shareholders” about a funding arrangement to make the deal happen.


Added by Duncan McLeod on 8 December 2015.

TECHCENTRAL – Huge Group in talks to buy Centracom

JSE-listed alternative telecommunications provider Huge Group has signed a memorandum of agreement in terms of which it intends acquiring 100% of specialist ICT company Centracom for R81,6m…READ MORE

Added by Duncan McLeod on 30 October 2015.

ITWEB – Huge Group to buy out Centracom

Huge Group plans to buy out voice, connectivity and cloud solutions provider Centracom for R81.6 million.
The telecoms services provider announced via SENS that it had signed a memorandum of agreement to acquire 100% of the issued share capital of Centracom….READ MORE

Added by Paula Gilbert on 30 October 2015.

BUSINESSTECH – Huge Group in R82 million bid for Centracom

JSE-listed Huge Group says it has signed an agreement to buy 100% of the issued share capital of Centracom, for R81.6 million.

Huge Telecom, the principal operating subsidiary of Huge Group, provides communications services to corporate organisations and residential customers in South Africa…READ MORE

Added on 30 October 2015.

TECHFINANCIALS – Huge to buy Centracom for R82m

The telecoms firm – which has raised R1.2 billion for future acquisitions – said the acquisition of Centracom would be settled via an issue of vendor shares and cash.

The South African-based telecoms firm said the acquisition of Centracom would enable Huge to increase its customer base by 20% to 13 000 and enhance annuity revenue cash flows and increase the number of resellers or business partners by 20%.READ MORE

Added by Gugu Lourie on 30 October 2015.

BDLIVE – Huge Group in takeover talks with Centracom

TELECOMS services specialist Huge Group, which offers fixed cellular routing solutions, is engaging smaller rival Centracom in takeover talks, it was announced at the weekendREAD MORE

Added by MARC HASENFUSS  on 30 October 2015.