EOH to sell Hymax business to Seacom in R144m deal

JSE-listed technology services company EOH Holdings announced its plans to sell off its wholly owned subsidiary Hymax to telecommunications provider Seacom South Africa in a R144.9 million deal, the proceeds of the sale are set to go largely towards slashing the company’s debt.

“The embedded relationships that exist between our customers and other EOH business units will remain as is and the EOH Infrastructure Services business is positioned to benefit from the transaction as we leverage the Seacom connectivity expertise,” he adds.

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EOH offloads Network Solutions and Hymax to SeacomTechnology firm EOH says it has concluded agreements to dispose of its Network Solutions business and the entire issued share capital of Hymax, both of which currently operate under the iOCO division, to telecommunications provider Seacom, for R144.9 million.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

EOH offloads Network Solutions and Hymax to SeacomTechnology firm EOH says it has concluded agreements to dispose of its Network Solutions business and the entire issued share capital of Hymax, both of which currently operate under the iOCO division, to telecommunications provider Seacom, for R144.9 million.
Source: BusinessTechSA - 🏆 24. / 61 Read more »