TTG Global Group Ltd (TTG) has entered into an agreement to dispose of one of its divisions, Indigo Telecom Group Ltd (Indigo) and its associated subsidiaries.
The reason for the disposal is to enable TTG to deliver on the Group’s strategic objectives of simplifying group activities and providing greater focus on and investment in its remaining core businesses: affini Technology Ltd and Simoco Group Ltd.
TTG Group CEO Mike Norfield said, “We have worked hard to develop Indigo into a market leader in its sector and we pass the business on to its new owners as a resilient, profitable and vibrant business, with significant growth prospects in its chosen telecommunications industry sectors. The increased focus that this allows TTG to give to its two core businesses is fundamental to driving long term shareholder value. I am excited, in particular, by the global opportunities for our core service offerings based on consult, build and operate, in our key industry sectors, which include: utilities, mining, oil and gas, transportation and emergency services.”