Altron offloads Altech’s 8.6% stake in Liquid Telecoms
A year after Allied Technologies (Altech) bought an 8.6% stake in Liquid Telecoms, parent company Altron has exercised its option to offload the shares to Econet Wireless, besides other, for $55-million.
The deal, which was subject to shareholder approval by January 21, comes as Altron delisted Altech and created the Altron Telecommunications, Multimedia and Information Technology division.
Altech’s 8.6% equity interest in Liquid was no longer considered core to the ongoing operations.
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