South Africa’s Allied Technologies Ltd, Johannesburg, has merged the telecommunications division of its wholly owned STC South Africa with Telecommunications Technologies Pty where it owns 50% and Alcatel NV the balance, to create the Republic’s largest telecommunications firm with 3,300 employees and annual sales of $200m: Alcatel is exchanging its stake in Telecommunications Technology for 12% to 15% of the combined firm and $15.5m cash.
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