Huge Group acquires Otel in share swap

Friday 15 March 2019 | 10:28 CET | News
South Africa's Huge Group is acquiring broadband service provider Otel Communications in a share swap deal involving its subsidiary, Huge Networks. The transactions will result in Huge Telecom owning 50.03 percent of Huge Networks and Otel owning 49.97 percent of Huge Networks. The Otel brand will be migrated to the Huge Networks brand during the course of 2019.

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Categories: Fixed
Companies: Huge Group / Huge Telecom / Otel
Countries: South Africa
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