{"id":547339,"date":"2005-11-23T11:33:38","date_gmt":"2005-11-23T11:33:38","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/547339-mci-sells-30-in-uunet-sa-to-j-j-group.html"},"modified":"2005-11-23T11:33:38","modified_gmt":"2005-11-23T11:33:38","slug":"mci-sells-30-in-uunet-sa-to-j-j-group","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/547339-mci-sells-30-in-uunet-sa-to-j-j-group.html","title":{"rendered":"MCI sells 30% in UUNET SA to J&#038;J Group"},"content":{"rendered":"<p><font size=\"2\">J&amp;J will add value to the business of UUNET &#8211; Africa&#8217;s provider of converged communications solutions &#8211; by working actively at an operational level as well as board level, MCI said in a statement.<\/font><\/p>\n<p><font size=\"2\">MCI president of international and wholesale Dan Crawford said the deal would enable the US-based group to better compete in all segments of business. It also would ensure that UUNET is in line with black economic empowerment (BEE) requirements.<\/font><\/p>\n<p><font size=\"2\">J&amp;J CEO Jayendra Naidoo expects MCI&#8217;s global reach and the high-quality backbone infrastructure in South Africa to assist J&amp;J achieve its goals. The acquisition is a logical extension of building an IT platform, the BEE firm said.<\/font><\/p>\n<p><font size=\"2\">&quot;Given the rapid convergence of technologies and the policy reform process being driven by government, we see major opportunities emerging,&quot; Naidoo added.<\/font><\/p>\n<p><em><font size=\"2\">Inet-Bridge<\/font><\/em><\/p>\n<p><em \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq-listed MCI Inc on Wednesday announced that it had disposed of a 30% holding in its subsidiary,\u00a0UUNET SA, to an empowerment investment company J&#038;J Group for an undisclosed amount.<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-547339","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/547339"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=547339"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/547339\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=547339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=547339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=547339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}