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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Dimension Data say cheers on a high note – Dimension Data delisting from JSE

November 18th, 2010 | admin
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After being listed on the JSE for the past 23 years, today marked the final day of trading of Dimension Data shares. However, Didata exited on a high note with it reporting strong full year results for 2010.
The Dimension Data group, which is being acquired by Japan’s Nippon Telegraph and Telephone (NTT) Corp, reported a 9,9% increase in sales in constant currency terms in the 2010 financial year to September. The company reported revenue growth of 19,4% to US$4,74bn, due in part to currency gains.

FibreCo to develop state-of-the-art, open access long distance fibre optic transmission in SA

November 16th, 2010 | admin
FibreCo

FibreCo Telecommunications (“FibreCo”), a partnership between Cell C, Internet Solutions and Convergence Partners, announced today that it will be developing an open-access long-haul terrestrial fibre optic broadband network as an answer to the need for national transmission infrastructure to meet the nation’s aspirations for world-class broadband connectivity.
FibreCo brings the ability to fund, deploy and manage a cost-effective high speed long-haul fibre network which will support the explosive growth in bandwidth requirements of the country anticipated over the coming years.

Dimension Data plc releases Interim Management Statement for quarter ended 31 December 2009

February 24th, 2010 | admin
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The Group recorded a sound trading performance for the quarter ended 31 December 2009. Reported turnover reflected an approximately 6% increase in relation to the three months to 31 December 2008.

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.

Convergence Wireless Networks invests alongside Internet Solutions in Mozambican ISP

November 24th, 2009 | admin
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Convergence Wireless Networks and Internet Solutions announced today that they have collectively acquired a 68.5% equity stake in leading Mozambique based INTRA Lda.