NEWS RELEASE
26 April 2002
Datatec Limited (JSE: DTC), the international networking and IT services
group, announced today that its proposed transaction to sell its RangeGate
mobile technology subsidiary to listed Canadian firm Versatile Mobile
Systems (CDNX: VMS) would not proceed as not all regulatory approvals had
been received.
Executive Director David Pfaff says the Group will maintain its interest in
RangeGate and will continue to develop opportunities in the growing mobile
technology sector.
"RangeGate and Versatile have a strong working relationship and it makes
sense for us to continue working together on opportunities where both
companies can add value," says Pfaff.
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For more information, please visit our website on www.datatec.co.za or
contact:
David Pfaff Trevor Jones
Datatec DiagonalStreet Communications
+ 27 11 233 3307/1221 + 27 11 880 2271
davidpf@datatec.co.za + 27 83 326 7698
trevor@diagonalstreet.com
About Datatec
Datatec is an international networking and IT services company with
operations in many of the world's leading economies. The Group provides
active management support in the strategic direction and operation of its
subsidiaries and has three international networking focused lines of
business:
Westcon is a global channel provider of advanced networking and Internet
access products;
Logical is focused on the provision of professional services and IT network
integration; and
Mason is a strategic telecommunications consultancy.
By operating in the different stages of the networking supply chain, through
these individually branded businesses, the Group believes it can leverage
its industry and technology position, deal more effectively with vendors,
focus its management and harness its skills base as a sector specialist.
In addition, the group has a number of other operations in South Africa with
similar focused business areas. These are Westcon AME, Affinity Logic and
RangeGate.
The Group operates on six continents and generates more than 95% of its
revenue and profits outside South Africa.
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