SEACOM Group has finalized its Hymax and EOH Network Solution acquisition deal licensed by the South African Competition Commission. The controversial acquisition deal proposed by the Pan-African telecom service provider, SEACOM merged both EOH Group’s subsequent technology company, EOH Network Solution, and iOCO’s subsequent ICT-based company, Hymax.
The SEACOM Group Development Officer, Joe Vipond shared delightful comments about integrating Hymax and EOH NS with its custom business.
The SEACOM Group is quite aware of the EOH Group dishing out its assets for sale as a bull strategy to clear off debts. The SEACOM Group will rather take advantage of acquiring one of EOH’s assets to bolster its in-house development growth knowing too well that the EOH Group is on the verge of losing its Net profits.
The EOH Group CEO, Stephen Van Coller shared his thrilled feeling about a success filled deal without encountering contradictory restrictions from the South African digital agency to settle its accrued debts.
The South African Communication Commissioned the SEACOM acquisition deal without conditions influenced by SEACOM’s transparency in integrating both Hymax and EOH NS to rejuvenate SEACOM Group, its parent company capital structure.
Vipond commended the south African digital agency for supporting the acquisition deal and for approving SEACOM’s request that appeared in transparent intention to purchase. The South African digital agency bought SEACOM’s innovative idea, looking out to developing its digital economy with lucrative deals rather than being summoned to scold its policy defaulters.
Both EOH NS and Hymax are technology-inclined companies focused on Information communication and technology as a service. EOH NS has enough digital resources for deployable cloud storage as a service, cyber security, network management data, and advancing network management as a service.
Still, the South African digital agency commissioned the Hymax & EOH NS purchase which bares SEACOM their parent company an anti-competitive trademark keen on serving the resource-filled South African digital space.
“Following a brief and satisfactory application process, we are happy with the Commission’s decision and are looking forward to the next stage of this process.” Vipond noted the “next step is to finalize an organizational structure that makes the most of the acquisition, as well as helps to unlock SEACOM’s ambitious growth strategy for South Africa and beyond.”
SEACOM Group is focused on spiking its revenue growth with contributions from its subsidiaries including the newly added EOH NS & Hymax which yields no significant market share.
SEACOM revealed they will not lay off existing employees but will rather modify the merged human resources suitable for employers and customer satisfaction. The SEACOM Group is keen on modifying the South African digital sector as well as its custom tokenized business to evolve in addition.