Notes to the consolidated annual financial statements | Note 22 |
|
|
Rm |
2017 |
|
|
|
|
|
|
|
|
|
|
|
Shared Networks Tanzania Limited (Note 22.1) |
– |
|
136 |
|
|
Altron TMT (Pty) Limited (Note 22.2) |
– |
|
149 |
|
|
|
– |
|
285 |
|
|
During July 2016, the Group acquired 100% of the issued share capital of Shared Networks Tanzania Limited from its
shareholders for a consideration of R160 million. 15% of the purchase price is reserved for future claims, warranty and indemnity.
The fair value of the net identifiable assets acquired amounted to R147 million. The goodwill represents future synergies, and
is allocated to the Group’s Tanzania cash-generating unit. |
|
Effective 16 March 2016 the Group acquired its Altech Autopage customer base from Altron TMT (Pty) Limited. During the
previous financial year, deferred consideration of R149 million was paid after certain conditions relating to the purchase price
were met. |
Notes to the consolidated annual financial statements | Note 22 |
|
|