A consortium of South African investors led by Convergence Partners, and comprising Altirah Telecoms and the Convergence Partners Foundation, has recently disposed of its 25.1% interest in the New Dawn joint venture to Intelsat S.A, its joint venture partner and the majority shareholder of New Dawn.
Dimension Data released details today of the R1.26 billion outcome of the Black Economic Empowerment (BEE) transaction it signed with the BEE Consortium in September 2004. The consortium is led by Andile Ngcaba. Ngcaba who is chairman of Dimension Data Middle East & Africa (DDMEA) said he will, through Convergence Partners, remain a shareholder, together with 35 broad-based groups that provide support and care to over 45,000 vulnerable individuals in the nine provinces of South Africa. He will also remain chairman of DDMEA.
East African internet users experienced reduced speeds on Tuesday, 28th February after ships’ anchors severed the two undersea fiber optic cables off the coast. The companies involved on Tuesday said repairs could take up to two weeks.
The cables operated by Teams, a company partly owned by the Kenyan government, were cut on Saturday near the Kenyan port of Mombasa by a ship’s anchor. Eleven days earlier, another ship dragging its anchor cut the cables of Eassy, a consortium of telecommunications companies.
The countdown has begun for the launch of the New Dawn satellite tonight. Intelsat has confirmed that everything is so far on schedule for the satellite’s launch aboard an Ariane 5 rocket from the Arianespace Launch Complex in Kourou, French Guiana, at about 23:45 South African time.
The Intelsat New Dawn satellite is owned by a joint venture between Intelsat and a consortium led by Convergence Partners.