Both Altech and parent company Altron have told shareholders that talks are underway and they should exercise caution when dealing in stock.
In two separate announcements, the companies told shareholders that negotiations are underway, which could have a material price on shares if successfully concluded.
Altech had been on the hunt for an acquisition to add to its Netstar offerings and grow the company geographically, possibly into Latin America. However, the entity put any deals to one side while it focused on sorting out its problems in Africa.
Altech recently disposed of its operations in East Africa to Liquid in return for an equity stake, and has also exited its West African operations.
The announcements did not provide any further information about the nature of the discussions.
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