Ace Peak Investment Signed a letter of intent to invest in Telecom Company
Ace Peak Investment ( Ace peak) and Techknowledge Open System (TechKnowledge) have agreed to a non-binding Letter of Intent (“LOI”) for Future Growth.
Ace Peak’s potential stake is based upon an Enterprise Value of Techknowledge’s Retail Division by the end of the year 2021. Ace Peak has signed one of the latest LOI in African Region.
“Ace Peak wants to expand its footprint in Africa,” said Parisha Dhanak, Vice President of Ace peak investment.
Technowledge was formed in 1994. Techknowledge holds IECNS and IECS Licenses from ICASA South Africa. The company provides Calling cards using its access numbers in the Middle East and Around the world. Techknowledge provides Wholesale voice Termination and Retail calling card services to its distributors and customers.
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