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Dimension Data makes KES 3.05 bln offer for AccessKenya
2013-05-06 15:59:00| Telecompaper Headlines
(Telecompaper) Dimension Data has offered to buy ISP Access Kenya for KES 14.00 per share, or a total KES 3.052 billion. The offer is a premium of 42 percent on the closing price of KES 9.85 the day before the announcement. AccessKenya shareholders will also be entitled to receive the final dividend of KES 0.30 per share for 2012. One of the first ISPs to launch in Kenya, in 2000, AccessKenya employs 340 staff and provides predominantly connectivity-based data services to about 5,000 corporate customers in Kenya. These customers include large multinationals, government agencies and NGOs, as well as a large cross-section from industries across the economy. AccessKenya owns and operates a 400-km Carrier Ethernet fibre network in Nairobi and Mombasa, which connects over 500 commercial buildings. The company also operates two wireless networks which further extends coverage to 10 other towns around Kenya. In addition to offering wholesale and enterprise services, AccessKenya also has a high-end consumer base. AccessKenya's IT services arm focuses on value-added IT services including IT support, offsite backup and disaster recovery, email and security services, as well as other managed IT services on the customer's LAN. In 2012, the company's turnover was KES 1.9 billion and EBITDA reached KES 700 million.
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Chris Dixon On How Tech Can Turn NYC Into A Town That Makes, Not Takes [TCTV]
2013-05-05 22:20:53| Semiconductors - Topix.net
Colleen Taylor is based in San Francisco where she is a reporter for TechCrunch and TechCrunch TV.
ADM makes the grade in Berkshire's stock juggling act
2013-05-04 16:59:04| Food - Topix.net
Berkshire Hathaway added two new stock holdings late last year, courtesy of the new share pickers chosen by Chief Executive Warren Buffett, while the company also shed some long-held investments.
ADM makes the grade in Berkshire's stock juggling act
2013-05-04 11:49:02| Agriculture - Topix.net
Berkshire Hathaway added two new stock holdings late last year, courtesy of the new share pickers chosen by Chief Executive Warren Buffett, while the company also shed some long-held investments.
World's first 3D-printed gun makes its debut
2013-05-03 15:51:02| CNET News.com
The gun is capable of firing standard handgun rounds, even though it's essentially a plastic weapon. [Read more]
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