EXPANSION IN AFRICA
Huge eyes cross-selling after buying Connectnet and Sainet
Huge Group is eyeing cross-selling opportunities with its recent acquisition of Connectnet Broadband Wireless and its subsidiary, Sainet Internet. The group could also use Connectnet’s relationship in some parts of Africa to expand into those markets. Huge’s principal service is substituting fixed-line voice infrastructure, such as that provided by a public switched telephone network like Telkom, with a wireless global system for mobile communications. Connectnet provides wireless connectivity to banks’ card payment terminals. Sainet Internet markets and sells a variety of products and services including internet data, hosting services and website and system development. Connectnet and Sainet Internet provide Huge with an entry into the data telecommunications and mobile payments markets and an opportunity to participate in the "expected explosive growth of the internet as it transforms from being a source of information to one focused on value and its movement", Duarte da Silva, Hu...
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