In the latest edition of Communications Africa Magazine, the technical and commercial benefits of geostationary communications satellites are assessed, contrasting them to both the failed high profile experimental satellite technologies of the previous decade, as well as to other communications technologies in Africa, notably fibre, as it arrives on the continent’s shores in abundance. In particular profiling the New Dawn satellite.
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”.
The second instalment in our regular feature to introduce key executives from across the Convergence Partners investment portfolio. Bertrand is the Managing Director of Gemalto Southern Africa (Pty) Ltd. Gemalto is the global leader in digital security, providing secure personal devices, platforms and services to governments, organisations and businesses.
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.
This is an update to the Convergence Partners report entitled “African Telecommunications Market: Last Frontier For Growth” (Vol.1 No.1 of 2007) (”Report 1″).
Dimension Data Middle East & Africa has acquired a 51% stake in Telcom (Morocco), representing a further step in the establishment of a strong presence across the continent. Telcom will be rebranded Dimension Data Morocco.
African Satellite Program will Launch Intelsat New Dawn by Late 2010
Convergence Partners increases exposure in digital media market; takes 25.55% stake in South African online gaming business SkillPod Media
Convergence Partners Investments, a Black Economic Empowerment investment company focusing on the Technology, Media and Telecommunications sector, announced today that it had taken a stake in Integrat, a major South African Wireless Applications Service Provider (WASP) Aggregator with related interests in digital content, online platforms and other ancillary activities.
Convergence Partners, a Black Economic Empowerment investment company focusing on the Technology, Media and Telecommunications sector, is pleased to announce that it has successfully completed a capital raising of R200m.
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