Altech rolls dice with Huawei
JSE-listed Allied Technologies Limited (Altech) has signed a long-term agreement with Chinese ICT firm, Huawei, to provide Huawei Enterprise products and services to customers and offer post-sales professional services and support.
At close of play on the JSE on Tuesday however, shares in Altech declined by as much as R2.29, or 5.06%, to R43 – down from R48.24 at the start of the week. The company is coming off a pre-tax loss of R240 million for the year ended February 2012.
The agreement covers countries including South Africa, Angola, Botswana, DR Congo, Kenya, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Swaziland, Tanzania, Zambia and Zimbabwe.
Craig Venter, Altech CEO said: “We recognise that our customers demand better value and more flexibility from the information technology industry and this partnership helps us to work with our customers to provide the best possible solutions for their information technology infrastructure requirements. We look forward to continuing to develop our long-term relationship with Huawei.”
Lauren Fan, president of Huawei Enterprise Business Group in the Eastern and Southern Africa region, said: “This agreement is an important step in the development of our African Enterprise business. Working together on this new collaboration is mutually beneficial and will enable Altech to extend Huawei’s Enterprise’s extensive portfolio of services and products to its customers in Africa.”
According to Venter the deal will have a major impact on the group’s public and private sector customers. “It is a partnership that will drive them towards meeting their challenging targets through technology, service innovation and cost effectiveness.”
Altech’s customers and partners across the public and private sectors will benefit from Huawei’s expertise in design, implementation, lifecycle and managed services,” added Venter.
Huawei said that with Altech’s operations in the telecommunications, multi-media and information technology (TMT) sectors, it will be able to provide high-end fleet management services, traffic monitoring applications and cloud infrastructure services, to name a few.
Altech will also distribute Huawei devices, such as smartphones and tablets, through its existing Altech Autopage Cellular national distribution network.
“Huawei is a $32-billion business empire and is the world’s largest telecoms-equipment manufacturer and is one of the world’s ten largest mobile-phone manufacturers. Through this partnership with Huawei, we will implement a broader focus on the TMT sectors where we already have a significant footprint,” Venter said.
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