Huge Group Limited (JSE:HUG) agreed to acquire Tethys Mobile Proprietary Limited on July 6, 2022. The transaction is subject to due diligence investigation by Huge Group. Huge Group will indirectly acquire Tethys software and technology platform and the intellectual property related to this software and technology platform. As part of the Transactions, Huge Group will acquire Cell C's claims against Tethys as well as the claims of various pre-commencement creditors. Questco Corporate Advisory Proprietary Limited acted as sponsor for the transaction.

Huge Group Limited (JSE:HUG) completed the acquisition of Tethys Mobile Proprietary Limited on August 31, 2022.