Vox Telecom has sent out information to a number of local and international companies which may be interested in putting in a bid to acquire the telecoms operator.<\/p>\n
It is understood that the proposed acquisition will be for 100% of Vox Telecom.<\/p>\n
Vox Telecom is one of the only remaining large telecoms operators and Internet Service Providers (ISPs) in South Africa which has not been acquired by a larger operator.<\/p>\n
The company was established in 1998, and currently offers voice, data, and collaboration services to the Southern African market.<\/p>\n
Vox Telecom competes in both the business and consumer sectors and has primary offices in Johannesburg, Pretoria, Durban, Cape Town, and Port Elizabeth as well as in Windhoek, Namibia.<\/p>\n
The group’s main shareholders are Investec, Lereko Metier Capital, and RMB.<\/p>\n
Vox Telecom CEO Jacques Du Toit said that the company\u2019s management team supports the shareholder initiative to go to the market to find a potential new owner for the company.<\/p>\n
He said that it is the right time to approach the market as there is currently strong consolidation in the South African telecommunications environment.<\/p>\n
Du Toit added that Vox Telecom continues to show strong growth, and that this initiative may further support dynamic growth for the company going forward.<\/p>\n
This article first appeared on MyBroadband<\/a>.<\/p>\n Jacques du Toit the new Vox Telecom CEO<\/a><\/strong><\/p>\n Internet access will become free: Vox Telecom CEO<\/a><\/strong><\/p>\nRelated articles<\/h3>\n