The Gauteng High Court in Pretoria has set aside the City of Tshwane\u2019s Municipal Broadband Network Project contract which was awarded to Thobela Telecoms.<\/p>\n
The matter relates to a dispute between Thobela Telecoms and the City of Tshwane over the City\u2019s allegations that the tender award process was unlawful due to internal processes and procedures not being followed correctly.<\/p>\n
Altron, whose subsidiary Altron Nexus is a shareholder in Thobela Telecoms, has expressed its disappointment with the ruling in a press statement.<\/p>\n
\u201cWe are disappointed and are considering our legal options,\u201d said Altron chief executive Mteto Nyati in a press statement.<\/p>\n
\u201cOnce we have consulted Thobela Telecoms and project funders, we will consider our next steps and we are not ruling out an appeal of the judgement.\u201d<\/p>\n
Nyati added that the project has cost Altron between R40 million and R60 million, including infrastructure and equipment costs.<\/p>\n
\u201cUp to this point, the City of Tshwane has not paid a cent of taxpayers\u2019 money towards the project as we are in the build phase which is being funded by our funders.\u201d Nyati said.<\/p>\n