Huge Group PR - Huge acquisition trial continues


Huge Group PR - Huge acquisition trial continues

By Huge Group - Tuesday, April 07, 2009

 

 
Huge acquisition trial continues
7 April 2009
 
Huge Group Ltd has announced its second acquisition this year, of the business of African Paradigm Communications, trading as One Communications (OneCom) and VoCall, for an undisclosed sum.
 
African Paradigm Communications is an established provider of Least Cost Routing services, based in Johannesburg.
 
Huge Group executive chairman Anton Potgieter comments, "We are pleased to announce the acquisition of control of the OneCom and Vocall businesses, which will be quickly and efficiently assimilated into the Huge Telecom managed telecoms business, and will assume the Huge Telecom brand."
 
This follows the acquisition of Eyeballs Mobile Advertising, which Huge Group announced last month. Eyeballs Mobile Advertising delivers rich media advertising to cellular "smart phones" using specialised and proprietary technology developed in South Africa. It is expected to start delivering strong returns in the next year.
 
On the future prospects of managed telecoms in South Africa, Potgieter notes: "We expect to see our growth curve in Huge Telecom continue this year despite the trying financial conditions.  This is because corporate telephone spend is vital to any organisation's survival - so as times get tougher, it is vital to have proper control of telecoms spend without compromising on the quantity or quality of the business's essential communications needs."
 
Huge Group made headlines earlier this week when it announced the interest of a strategic investor looking to purchase a significant stake in the company.
 

About Huge Group Ltd:
  • Huge Group is an investment holding company, which listed on the AltX exchange of the JSE Limited on 8th August 2007.  Huge Group Ltd includes:
    Wholly owned subsidiary Huge Telecom - a company that delivers fully managed telecommunications services to corporate clients;
  • Associate company TelePassport Communications - a corporate managed telecommunications service provider in Namibia;
  • Associate company Eyeballs Mobile Advertising - a rich media based mobile advertising company.

Huge Group trades under the share code HUG - more information can be found at www.hugegroup.com.

 
 
For further information contact:

Duncan Palmer
Group Marketing Manager

(t) +27 11 603 6000
(f) +27 11 603 6001
dpalmer@hugegroup.com