Vox Tele­com

Finweek English Edition - - TECHNOLOGY -

Af­ter share­hold­ers opted not to sell Vox Tele­com, the ICT firm has hinted that it plans to go on a shop­ping spree as it at­tempts to get back onto a strong growth foot­ing.

Fol­low­ing last month’s with­drawal of an ex­ploratory process to sell the busi­ness that started in July 2014, Vox Tele­com’s in­vestors are now rein­vest­ing in the busi­ness – a clear vote of con­fi­dence.

Th­ese share­hold­ers, with deep enough pock­ets to fi­nance Vox Tele­com’s cor­po­rate ac­tiv­ity, in­clude In­vestec, Lereko Metier Cap­i­tal and RMB. For the past eight months, Vox Tele­com’s share­hold­ers have been en­gag­ing with nu­mer­ous po­ten­tial suit­ors lo­cally and in­ter­na­tion­ally. How­ever, af­ter re­view­ing the com­pany’s five-year strat­egy, in­vestors de­cided to re­move Vox Tele­com from the mar­ket, cit­ing a pos­si­ble up­side in its fu­ture growth.

This move was a victory for the man­age­ment team of Vox Tele­com, which re­solved to stay the course even when the com­pany was delisted in 2011. The team also re­mained res­o­lute when Vox Tele­com was re­cently put for sale on the mar­ket.

Vox Tele­com CEO Jac­ques du Toit is ex­cited about the fu­ture of the com­pany and be­lieves the un­suc­cess­ful ex­ploratory process to sell the busi­ness worked in their favour. He said that the eight months spent on the ex­ploratory process to sell the busi­ness was “not time wasted”.

“We are in the best po­si­tion that we have ever been in our lives,” says Du Toit.

He says that the mooted sale of Vox Tele­com gave ex­ec­u­tives enough time to an­a­lyse the busi­ness, its com­peti­tors and the whole mar­ket in a dif­fer­ent way.

“The de­ci­sion of our in­vestors to re­main on board has brought re­newed en­ergy to the team. The com­pany now has a DNA of op­ti­mism,” said Du Toit.

Even while ex­ploratory talks were on­go­ing, Vox Tele­com demon­strated its abil­ity to buy strate­gic com­pa­nies and has

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