Convergence Partners is an investment management and advisory firm, focused on the telecommunications, media and technology sector in emerging markets, with a principal focus on Africa.

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NTT Makes R24.4 billion offer for Dimension Data

July 16th, 2010 | admin
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On 15 July 2010, Nippon Telegraph and Telephone Corporation (“NTT”) Dimension Data Holdings plc (“Dimension Data” or “DiData”) announced that they have reached agreement on the terms of a cash offer to be made by NTT for 100% of Dimension Data. The offer, totalling approximately GBP 2.1 billion (R24.4 billion), was unanimously recommended by both Boards of Directors. Andile Ngcaba, Chairman of Dimension Data’s Middle East and Africa business (“DDMEA”), as well as of its minority shareholder Convergence Partners, is excited about the deal and how its positions DiData in his region. “With access to the resources, products and R&D of the NTT Group, DDMEA is better positioned than ever to grow its presence and capitalise on new and fast growing market opportunities, such as cloud computing. The deal is great for the country and the company”.

New Dawn Satellite on track for lift-off in Q1 2011

June 28th, 2010 | admin
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Convergence Partners recently visited in Washington, DC and had the opportunity to spend time with New Dawn joint venture partner, Intelsat, and to see the New Dawn craft in advanced stages of construction, at the premises of craft manufacturer, Orbital Sciences Corporation.

Andile’s thoughts from Mobile World Congress (“MWC”) 2010 in Barcelona: 10 key trends and developments

February 24th, 2010 | admin
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Having attended the Mobile World Congress, the largest global telecoms conference (attended by 49,000 visitors from 200 countries) in Barcelona this year, the following 10 key trends and developments came to the fore.

DiData announces strong results for year ended 30 September 2009

November 24th, 2009 | admin
Brett Dawson

Dimension Data’s robust performance for the year to 30 September 2009 has resulted in improved returns and strong growth in profitability, in the midst of extremely challenging economic conditions.