CentraTel restructures group companies

CentraTel, a multi-vendor telecommunications distributor in sub-Saharan Africa, has announced a restructuring of its group companies as of July 1.

CentraTel says that it will assume the role of holding company, while CentraVoice, CentraFin, CentraCell and Masakhe Telecommunications will be the respective operating companies.

The company says that CentraVoice will assume the PBX distributor function previously held within CentraTel, and, in addition, CentraVoice will be the logistics arm for the other group companies. According to the company, the group is completed by CentraCell, specializing in least cost routing, CentraFin, the group’s financing organization, and black empowerment partner, Masakhe Telecommunications.

“The benefits of moving CentraTel to the position of holding company are enormous,” says Michael Aitken, MD of CentraTel.

“CentraTel will provide a single point of contact for entities wishing to make use of CentraTel group services. It will be able to trade independently, take part in joint ventures, and exploit new opportunities that cannot be achieved by the individual companies,” says Aitken.

“In addition, we have minority shareholders in each of the companies, and it makes sense to have individual cost centres and reporting structures,” he says.

The company notes that rapid growth has also required the companies to operate independently, to maximize management expertise with regards to flexible and competitive decision-making and implementation.

Aitken adds that group functions such as credit control, logistics, strategy, training, help desk, demonstration facilities and marketing will be centralized, and scales of economies reached within the holding company.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now