Altech reviled for antimerger tactics

[rpm]

Altech reviled for antimerger tactics

ALTECH was vilified yesterday for conducting a highly disruptive but ultimately aborted campaign to derail a merger of two other companies in a move wasting it millions of rands and likely to cost it millions more.

 

[remybfg10k]

One day heroes, next day villains.

 

[Other Pineapple Smurf]

They suck

 

[Vrotappel]

Altech finally backed down when MTN promised to treat Verizon and its own Network Services division in the same way it treated other independent industry players, and not to offer them any preferential prices for its services.

This will happen the day hell freezes over. Our CC seems to be losing the plot (first the poor protection of their documents and now this). This is a deal that should not have happened.

 

[The_Unbeliever]

Will see whether MTN will honor their promise or not.

IMHO Altech was right in doing so - otherwise MTN could easily become the next Telkom.

 

[ic]

Will see whether MTN will honor their promise or not.

IMHO Altech was right in doing so - otherwise MTN could easily become the next Telkom.

Exactly what I was thinking, and apart from a few of MTN's lawyers having to work over the festive season, no harm no foul IMO, and besides which Altech also spent considerable money on legal costs from the sounds of it to simply have the right to present an abortive case - in the end MTN and Verizon Business SA will merge and Telkodemonopolies will be weaker and the market should be more competitive with Neotel, Vodacom Business etc etc etc all ripping each other's throats out.