0
Broadband

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.

Thank you for visiting Telecompaper

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?



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

Add comment

Please login or register to leave a 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

Huge Group wins legal dispute with Cell C over accumulated wholesale minutes rollover

Published 27 Feb 2019 09:43 CET | South Africa
Huge Group said that subsidiary Huge Cellular has won a court case against Cell C, disallowing the latter from terminating ...

Huge Group appoints Sequeira as CFO

Published 26 Feb 2019 10:28 CET | South Africa
Huge Group has appointed former Virgin Mobile South Africa financial director Samantha Sequeira as its new chief financial ...

Huge Telecom appoints Burger as new MD

Published 28 Jan 2019 10:00 CET | South Africa
South Africa's Huge Group has announced the appointment of Robert Burger as the managing director of its wholly owned subsidiary ...

Huge Group FY revenue rises 63% to ZAR 401 mln

Published 03 Jul 2018 10:44 CET | South Africa
Huge Group said that full-year revenue grew by 63 percent to ZAR 401 million and gross profit by 89 percent to ZAR 224 million. ...

Otel seeks speedy review of draft number portability comments

Published 20 Feb 2018 09:47 CET | South Africa
South African broadband provider Otel Communications says further implementation of the principle of number portability is a ...

Otel claims to offer gated communities up to 65% savings on voice calls

Published 31 Jan 2018 13:58 CET | South Africa
Broadband provider Otel Communications is offering gated communities what it claims is South Africa's most affordable voice rate. ...

Otel maps fibre neighbourhoods online

Published 25 Jul 2017 11:11 CET | South Africa
South African independent telecom and fibre provider Otel Telecoms has launched a visual guide mapping the location of 250,000 ...