MERGERS & ACQUISITIONS
A year after Reunert exited a saturated market by closing Nashua Mobile, Allied Electronics (Altron) has announced the advancement of talks aimed at shedding South Africa’s sole independent service provider, its own embattled subsidiary Autopage. JSE-listed Altron on Tuesday said the company was at an advanced stage of negotiations to potentially dispose of Altech Autopage’s GSM subscriber bases, renewing its cautionary for the third time since discussions kicked off in January.
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