Ayo plans to bid for spectrum using funds it raised from the PIC
Company wants to ‘deepen empowerment’ in the technology sector by bidding jointly with small, black-owned ICT firms
Ayo Technology Solutions says it plans to participate in the government’s long-delayed spectrum auction using a portion of the funds it raised in December 2017 from the Public Investment Corporation (PIC). Following pressure from President Cyril Ramaphosa, the Independent Communications Authority of SA (Icasa) said last week it planned to auction batches of radio frequencies for 4G services by April 2019. This will fast track the rolling out of the high-speed internet technologies. Ayo said in a statement this week it would bid for spectrum in partnership with small, black-owned information and communications technology (ICT) firms to “deepen empowerment”. “To date, the sector has been largely dominated by established telecom operators,” Ayo said. The company would also partner with multinational organisations in the bidding process. “Ayo’s management team will build a model that allows other smaller black ICT businesses to utilise such spectrum for the growth of their own businesse...
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