The mobile operator prioritised the allocation of shares to lower-end investors, despite a R1.2 billion oversubscription of the offer.
The settlement the DTI offered to the company was “not a small figure”, says Valor IT chairman Josias Molele.
The mobile newcomer will offer BlackBerry smartphones early next year.
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.
In this World Wide Wrap: Open source BI gains ground, BI drives IT jobs, and GBM acquires Performance Systems.
Wired4Women Awards 2025
In this World Wide Wrap: Konica intros recycling programme, OKI targets SMEs with MC561dn, and OfficeMaster aims for better telephony.
In this World Wide Wrap: Ultimus unveils cloud BPM, BonitaSoft BPM in download boom, and Telestream releases Vantage 2.0.
In this World Wide Wrap: US mulls 'cloud-first' policy, cloud heralds business evolution, and EU funds cloud research projects.
The company will leverage SAP's ERP technology on an IBM platform to give local companies total visibility of business operations.
In this World Wide Wrap: Tesco takes on e-Bay and Amazon, retailers focus on tech, and retailers prepare for 'Black Friday'.
The company won seven out of 13 partner awards, including Public Sector Partner of the Year.
The Faculty Training Institute has acquired new offices in Johannesburg.