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