EOH to sell telecoms assets to Seacom for R144.9m
Disposal of Hymax and Network Solutions stake will cut debt further in a restructure of corruption-tainted IT company
07 April 2022 - 12:23
UPDATED 07 April 2022 - 20:01
End-to-end IT services provider EOH has agreed to sell Hymax and its stake in Network Solutions to Seacom for R144.9m to reduce debt and turn the company around after a corruption scandal.
Network Solutions and software company Hymax both offer networking and voice solutions in the telecoms industry. Seacom owns and operates a broadband submarine cable system that links Africa to Europe and Asia...
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