The mobile operator prioritised the allocation of shares to lower-end investors, despite a R1.2 billion oversubscription of the offer.
However, the company says contracts are being inked and will benefit its results next year.
Building its own network to mitigate the impact of lower interconnect rates gives Vox the opportunity to grow in the telecoms space.
Lower mobile termination rates see Vox write down the value of its largest business unit by R809 million.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
All the conditions for Pinnacle's R170.9 million purchase of Axiz have been met.
Due diligence has been wrapped up and a sale agreement signed.
In this World Wide Wrap: Latest imaging tech showcased, Kodak engages Document Security, and HP's profits up 5%.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
The IT training provider grew revenue and pre-tax profit at a faster rate than its holding company, Kelly Group.
The local subsidiary finds it difficult to secure large deals without an empowerment partner at its side.
The Dimension Data unit buys majority stakes in two cloud-focused companies.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
In this World Wide Wrap: Novell agrees $2.2bn buyout, Utility ditches WiMax for LTE, and Tech giants up networking efficiency.
The transaction is valued at approximately $2.2 billion, and adds “significant” assets to Attachmate's portfolio holdings.
The telecoms operator will focus on fixing its local operations, before embarking on new opportunities across the continent.