Reunert, Altron, and Seacom are some of the companies which are rumoured to be interested in buying Vox Telecom.
In June 2014, Vox Telecom invited local and international companies to look into acquiring the telecoms operator.
This process has progressed well, and according to Vox Telecom CEO Jacques du Toit the search for a potential buyer is 60% complete.
Du Toit said that he expects the deal to be concluded before the end of the year, and that the interested parties include a mix of private equity players and international companies.
Industry speculation suggests that Reunert and Altron are two of the front runners in the race to acquire Vox Telecom.
Reunert is currently disposing of Nashua Mobile and its subscriber bases, which will significantly dent the company’s presence in the South African telecommunications market.
With the money gained through its Nashua Mobile sale, Reunert can buy Vox Telecom, which will give it a strong presence in the business and consumer ISP market. It will also benefit Reunert-owned Nashua Communications.
Altron is another frontrunner, and there is great potential for growth if Altron’s current telecommunications assets and Vox Telecom join.
Seacom has also been mentioned by some industry insiders as an interested party, but it is not as likely to make an offer as Reunert or Altron.
MyBroadband contacted Reunert regarding its interest in Vox Telecom, but the company said it could not comment on this issue.
Altron and Seacom also declined to comment on a possible Vox Telecom deal.
Process progressing well: Vox Telecom CEO
Vox Telecom said it cannot comment on any of the potential names, but companies that showed an interest vary from well-known industry players to private equity firms.
“The next stage is to evaluate the offers received based on a range of criteria that will be to the best interest of both parties,” said Vox Telecom CEO Jacques du Toit. “Should this be successful, selected parties will commence with the due diligence phase.”
Du Toit said that at this stage they were very pleased with the way the process was going. “However, we are focused on enabling the business for aggressive growth, regardless of the outcome,” he said.
This article was first published on MyBroadband.