Altech's Expansion in the TMT Market

Altech’s strategy is built on convergence and global expansion in the telecommunications, multi-media and information technology sectors, the so-called TMT market. The cornerstones of this strategy rest on achieving tactical positions in our chosen markets around the globe by concentrating on developing and owning intellectual property rights, and providing value-added products and solutions, particularly where technology convergence is driving consumer demand.

Growth of annuity income plays a paramount role in Altech’s strategy. A strong balance sheet and available cash will allow us to take advantage of opportunities as they arise.

Our achievements during the review period are testimony to the group-wide commitment to deliver leading technologies that touch lives. These are detailed in later sections.

Notably, our expansion into East Africa is already beginning to pay off. Through judicious acquisition and organic development, Altech is now the largest full data network operator in this fast-growing region, offering one of the most comprehensive ranges of products and services available (detailed on page 16). In addition to other opportunities, Altech may invest in one of several international undersea bandwidth cables that will service the east coast of Africa.

Through the acquisition of Technology Concepts and Fleetcall, we have started to capitalise on the recently awarded I-ECNS and ECS licences, and have comprehensive plans to benefit from a more liberalised Telecoms environment where we will unearth opportunities in niche areas, inter alia, gated communities. Furthermore, opportunities are presented by the Gautrain Project and the Soccer World Cup 2010.