Slow deregulation frustrates Altech

[rpm]

Slow deregulation frustrates Altech

Technology group Altech is growing increasingly frustrated at the slow pace of deregulation in SA’s telecommunications industry. At the company’s results presentation last week, CEO Craig Venter compared SA with relatively speedy liberalisation in other African markets.

 

[pkid]

Last week, Altech’s largest subsidiary, cellular service provider Altech Autopage Cellular, said it would seek an interdict in the high court to prevent new licences being granted. It wants a review of the procedures being used by the Independent Communications Authority of SA to license new network operators in terms of the Electronic Communications Act. Autopage has cited Icasa, its chairman Paris Mashile, communications minister Ivy Matsepe-Casaburri, and 23 companies in the sector as respondents.

So if things are happening too slowly why slow everything down in court? Didn't the same thing happen before the launch of Cell C?

 

[Stalker]

Altech already has a highly cash-generative telecom business in SA in Autopage Cellular. This business recorded a R262m operating profit in the year to February 29 on sales of nearly R5bn, representing 39% of group operating profit and 59% of turnover. Autopage has almost 1m subscribers and sells services on behalf of Vodacom, MTN and Cell C.

JUST SHOWS HOW MUCH THEY RIP JOE PUBLIC OFF

 

[biltonguy]

So if things are happening too slowly why slow everything down in court? Didn't the same thing happen before the launch of Cell C?

Because if they cant get a license, no one can...