Poynting Holdings up after acquisition news

Comment on this story
JSEPic INLSA The JSE board in Sandton in Johannesburg. Photo: Leon Nicholas.

Johannesburg - Shares of Poynting Holdings rise more than 9 percent after the small-cap communications firm says it will buy Radio Network Solutions (RNS) for 110 million rand.

The company says the acquisition will help expand its Cellular Coverage Solution (CCS) business.

“RNS already has a significant presence in the network operator coverage solution market, with clients in the network operator and infrastructure industries, and is therefore better equipped to market the Poynting CCS range to this important segment,” the company says.

Poynting shares are up 9.1 percent at 2.9 rand. - Reuters


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.