Altech Autopage has agreed to purchase Nashua Mobile's 65 000 Cell C subscribers for R91.5 million.
The announcement comes after Nashua Mobile - owned by JSE-listed Reunert - last month indicated it would sell its MTN and Vodacom subscriber bases back to the mobile duopoly in a move which will see it earn R2.26 billion.
"An upfront payment of R45.75 million will be made with the balance deferred for six months following an assessment of the actual performance of the subscribers in key measures such as churn, ARPU, and bad debts," says Nashua Mobile in a statement.
Altech CEO Craig Venter says the move will allow the company to broaden what it offers to customers. "We will continue to diversify the business from being purely a GSM service provider to delivering broader converged solutions, a strategy that is already paying dividends.
"As part of the recently formed Altron TMT business, Altech Autopage is well positioned to integrate voice, data and multimedia services seamlessly," he adds.
'Encouraging growth'
Altech Autopage MD Boyd Chislett says the company's financial results from February saw "encouraging growth on average revenue per user (ARPU), while churn remained at better than industry-acceptable levels".
Chislett adds Altech Autopage's subscriber base has surpassed a million users "while end-to-end data and telephony offerings to enterprises showed very positive growth".
Altech is now set to become the only independent mobile services provider in the market.
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