JOHANNESBURG – South African IT firm Allied Technologies’ has sold its interest in a joint venture with Econet Wireless Group for US$87,5 million (N$568,75 million), the company said yesterday.
Altech said the two companies had also agreed to settle all disputes between them by waiving any claims they had against each other. Shares in Altech rose 4,9 per cent to 45,00 rand.Altech earlier this month said it had applied to wind up the joint venture with Econet after the two companies fell out.Altech said on August 24 it had been approached by Econet with a view to settling the matter.-Nampa-ReutersShares in Altech rose 4,9 per cent to 45,00 rand.Altech earlier this month said it had applied to wind up the joint venture with Econet after the two companies fell out.Altech said on August 24 it had been approached by Econet with a view to settling the matter.-Nampa-Reuters
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