Autopage to snap up Nashua Mobile stores
Autopage, a wholly owned subsidiary of Altron, is in talks with Nashua Mobile to swallow up a chunk of its retail stores.
Nashua Mobile chief executive, Mark Taylor, told BusinessTech that Autopage looked at an option to take up some of the leases at its stores, which is subject to competition approvals.
Taylor said in April that Nashua Mobile would wind down completely within the next six months after Reunert, the parent company of the mobile service provider, said that “it is unlikely that this business would generate acceptable returns”.
Last month, Autopage entered into a sale agreement with Nashua Mobile to purchase its 65,000 strong Cell C subscriber base for approximately R91.5 million, having announced in April that it would dispose of its MTN and Vodacom subscriber bases for R2.26 billion.
Mark Taylor
Taylor said that Autopages’ approach “is definitely in our interest” and expressed his surprise at how much interest the stores had generated. He said that Nashua has been approached by two large handset makers, retailers and mobile operators.
Nashua Mobile’s total store footprint is at approximately 120, with 75 located in shopping malls. Taylor said that Autopage’s interest related to between 30-35 of those stores located within shopping malls.
Autopage did not provide comment by the time of publication.
More on Nashua Mobile
Autopage buys Nashua Mobile’s Cell C subscribers
Retrenchments at Altech Autopage
Nashua Mobile drags on Reunert
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