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.

    Selected Tag > Andile Ngcaba

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.

Convergence Partners Chairman, Andile Ngcaba, participates in IEEE 2010 flagship conference, held for the first time in Africa

May 25th, 2010 | admin
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The IEEE Communications Society is holding its 2010 flagship conference International Communications Conference (ICC2010) in Cape Town, South Africa from 23-27 May 2010. This is the first time that ICC has been held in Africa. The conference theme is “Communications: Accelerating Growth and Development” and aims to focus on the role that Communications is playing in this development. Andile Ngcaba, Chairman of Convergence Partners, participated on the business panel after the keynote address by the Minister of Science and Technology.

Inala Technologies appoints Executive Director, Laurentius Human as CEO

May 12th, 2010 | admin

Inala Technologies and Convergence Partners Chairman, Andile Ngcaba announced the appointment of Executive Director, Laurentius Human, as Chief Executive Officer of Inala with effect from June 2010. The company, which has grown into one of Africa’s leading Telecommunications and Broadcast systems providers over the past 14 years, is currently represented in 17 African countries and is poised to expand into India, South America, the Middle East, and Turkey.

New Dawn Satellite on track for launch

April 19th, 2010 | admin
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New Dawn, the first of its kind joint venture between Convergence Partners and Intelsat, is on track to launch its $250m geostationary communications satellite, which is targeted at the African market, by the end of the year, Flavien Bachabi, vice-president for Intelsat Africa said yesterday, 13 April 2010.

Dimension Data Top ICT Company in Africa

December 17th, 2009 | admin
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Dimension Data once again proved its mettle across the African continent, winning the Top ICT Company in Africa Award at the 11th African ICT Achievers Awards ceremony held on the 5th December 2009.