THE Competition Tribunal has approved the sale of Altech Autopage’s subscribers to Vodacom, MTN and Cell C, with conditions.
Autopage was put on sale early this year by its parent Allied Electronics (Altron) because pressure was being put on the business by the reduction in voice tariffs, among other factors. Autopage used to resell voice and data packages of cellular operators. The transaction, which has resulted in the closure of Autopage’s shops and job losses, will net Altron R1.5bn.
As part of the conditions, the mobile network operators are expected to inform Autopage should vacancies arise. Altech Autopage and Altron are required to make an offer to redeploy 86 employees to other entities within the Altron group. Altech Autopage is also expected to continue to make training initiatives available to all Autopage employees.
Moreover, Altron is required to inform the affected employees at Autopage of any vacancies within the group.
The transactions between Autopage and the mobile network operators were opposed by telecommunications company Saicon Holdings, which raised concerns that the commission had apparently not spoken to clusters of customers that might be affected by the deal. Saicon’s concern related to its agreement with Autopage on Vodacom and MTN subscribers.
Picture: REUTERS
THE Competition Tribunal has approved the sale of Altech Autopage’s subscribers to Vodacom, MTN and Cell C, with conditions.
Autopage was put on sale early this year by its parent Allied Electronics (Altron) because pressure was being put on the business by the reduction in voice tariffs, among other factors. Autopage used to resell voice and data packages of cellular operators. The transaction, which has resulted in the closure of Autopage’s shops and job losses, will net Altron R1.5bn.
As part of the conditions, the mobile network operators are expected to inform Autopage should vacancies arise. Altech Autopage and Altron are required to make an offer to redeploy 86 employees to other entities within the Altron group. Altech Autopage is also expected to continue to make training initiatives available to all Autopage employees.
Moreover, Altron is required to inform the affected employees at Autopage of any vacancies within the group.
The transactions between Autopage and the mobile network operators were opposed by telecommunications company Saicon Holdings, which raised concerns that the commission had apparently not spoken to clusters of customers that might be affected by the deal. Saicon’s concern related to its agreement with Autopage on Vodacom and MTN subscribers.
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