Telkom’s $63m African expansion

first_img12 November 2008South African telecommunications company Telkom is to acquire the whole of Mweb Africa and 75% of Mweb Namibia from Multichoice Africa and MIH Holdings – both Naspers group companies – respectively, for US$63-million (about R646.8-million), as part of its strategy to expand outside South Africa.Telkom CEO Reuben September said the transaction would give further impetus to the company’s strategy of becoming a pan-African integrated service provider.“Expanding beyond the borders of South Africa provides Telkom with an opportunity to become less dependent on domestic revenue streams,” September said in a statement this week.Mweb AfricaMweb Africa is an internet service provider in sub-Saharan Africa, excluding South Africa, and also provides network access services in some countries. It is headquartered in Mauritius, with operations in Nigeria, Kenya, Tanzania, Uganda and Zimbabwe, an agency arrangement in Botswana, and distributors in 26 sub-Saharan countries.Although the company’s operations are largely focused on corporate customers, Mweb Africa’s predominantly satellite-based internet access offerings allows the company to reach a wide range of customers, many of whom are not reached by traditional fixed-line infrastructure.African expansionIn February last year, Telkom acquired Africa Online, an internet service provider active in Cote d’Ivoire, Ghana, Kenya, Namibia, Swaziland, Tanzania, Uganda and Zimbabwe, for £10.32-million.In May the same year, Telkom acquired 75% of Nigerian-based Multi-Links Telecommunications for $280-million, giving the company a strong foothold in the Nigerian telecoms market, as well as providing it with a springboard for expansion into West Africa.“This acquisition, together with Telkom’s investment in Africa Online, is expected to increase the value proposition of our product and service offerings to all customer segments in Sub-Saharan Africa,” September said.“Telkom’s position as partner of choice for connectivity and related services in Africa is expected to be strengthened.”The transaction is subject to several conditions, including regulatory approvals being obtained in certain African jurisdictions.SAinfo reporter Would you like to use this article in your publicationor on your website?See: Using SAinfo materiallast_img read more

Austin relishes second basketball life as part of Gilas

first_imgAnd if there’s one thing his sickness taught him, it’s to take every single minute with a renewed passion. “I wasn’t even supposed to be playing basketball so it’s a second go around for me,” said Austin Thursday at Meralco gym. “It’s a second go-around for me so I take every day very seriously.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games opening“I know what it’s like to have the game of basketball taken away from you so I’m not taking anything for granted.”Austin averaged 12.1 points, 6.9 boards, and 2.4 blocks per game in his time with Baylor and these types of numbers was what attracted the likes of Chot Reyes to take notice of the 7-footer. Lacson: SEA Games fund put in foundation like ‘Napoles case’ MOST READ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Trump signs bills in support of Hong Kong protesters Celebrity chef Gary Rhodes dies at 59 with wife by his side “Each day is a new day for me to get better somehow, some way.”Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. Robredo should’ve resigned as drug czar after lack of trust issue – Panelo ONE: Eustaquio won’t let foe use him as stepping stone NATO’s aging eye in the sky to get a last overhaul LATEST STORIES Celebrity chef Gary Rhodes dies at 59 with wife by his side Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim View comments Photo by Tristan Tamayo/INQUIRER.netIsaiah Austin had the sad reality of never realizing his NBA dream after Marfan Syndrome sidelined him for two years. More than three years after the NBA selected him as an honorary player, Austin gets to wear the Philippine colors as part of Gilas Pilipinas. ADVERTISEMENTlast_img read more