0
IT

EOH to sell Twenty Third Century Systems to reduce debt

Monday 5 August 2019 | 12:19 CET | News

FREE webinar by Telecompaper on the Trends and Developments in the Dutch Telecoms market 2019Q2. Thursday 26th September at 15:00. Register now!

South African ICT group EOH plans to cut its debt load by selling off its stake in Twenty Third Century Systems (TTCS) and its subsidiaries for ZAR 122 million. The company announced that it would sell its stake in TTCS, an African IT applications and business solutions provider with offices in Zimbabwe, Zambia, Malawi, Kenya, Uganda, Rwanda, Botswana and Nigeria, and projects in several other countries, including Ghana, Namibia, Tanzania and Cameroon.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: IT
Countries: South Africa
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

EOH warns of large FY headline loss per share in trading statement

Published 19 Sep 2019 09:49 CET | South Africa
South African technology group EOH expects to report a headline loss per share of at least ZAR 18 for the year ended 31 July ...

EOH appoints Newman as chief risk officer

Published 05 Aug 2019 12:10 CET | South Africa
South African ICT group EOH announced the appointment of Fatima Newman as the company's new chief risk officer. Newman is an ...

EOH says probe reveals unethical practices and suspicious transactions worth ZAR 1.2 billion

Published 16 Jul 2019 14:52 CET | South Africa
South African ICT group EOH says the investigation by legal firm ENSafrica into its past dealings has revealed suspicious ...

EOH senior executives resign ahead of release of probe results

Published 16 Jul 2019 13:47 CET | South Africa
South African ICT group EOH's most senior executives have resigned, as the company was expected to publish on or about 16 July ...