Competition bodies give nod to EOH’s R145m telecom sale
19 July 2022 - 10:18
UPDATED 19 July 2022 - 18:50
End-to-end IT services provider EOH has put a proposed rights issue on hold after competition authorities approved the R144.9m sale of some of its telecom assets to Seacom, a further win for a company whose debt pile is almost twice its market value.
EOH announced the sale of Hymax and its stake in Network Solutions to Seacom in April. Both businesses provide networking and voice solutions in the telecom industry. ..
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