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Telviva completes buy-out of AnD Communications

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Telviva, formerly Connection Telecom, has increased its shareholding in AnD Communications to 100% of the issued equity. This will not only strengthen the footprint of the cloud communications market leader, but will also enable Telviva to extend the benefit of cloud-based communications services to companies looking to migrate from premise-based systems..

Originally, Telviva and AnD entered a white label partnership in 2015 to provide KZN customers with access to the greater range of services that the cloud would unlock. For customers, it would mean a reduction of costs – while AnD would benefit from expanding its value proposition beyond selling hardware into more scalable and customisable cloud-based solutions.

In 2018, Telviva acquired 51% of the shares in AnD, establishing a co-ownership agreement to assist it with the virtualisation of its cloud communication products and white labelling Telviva cloud services. This year, Telviva increased its shareholding – with AnD co-owner Kelvin Brown exchanging his shares for shares in Telviva. Jill Thompson, the other co-owner of AnD, and Brown will remain on the board of the company, with Brown being named managing director. The AnD staff will be unaffected by the buy-out.

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