Broadband Infraco, Sentech merger still on the cards

  • 📰 ITWeb
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The proposed merger of Broadband Infraco and signal distributor Sentech is at an “advanced stage”, reveals the comms ministry.

The “rationalisation” of wholesale infrastructure provider Broadband Infraco and signal distributor Sentech is at an “advanced stage”, says the communications ministry.

The Department of Communications and Digital Technologies , which is the ministry behind the proposed merger, provided a progress update to Mazzone, saying: “The necessary acquisition processes were concluded with a sale offer by the Sentech board that was accepted by the BBI board. In addition to the revised BBI turnaround plan to establish funding requirements for the acquisition, the department noted other conditions need to be met to conclude this process.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Analyst at Sentech - IT-OnlineIT Industry News. Daily.
Source: ITOnlineSA - 🏆 16. / 63 Read more »