Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      Blue Label Telecoms to change its name as restructuring gathers pace

      11 July 2025

      Get your ID delivered like pizza – home affairs’ latest digital shake-up

      11 July 2025

      EFF vows to stop Starlink from launching in South Africa

      11 July 2025

      Apple plans product blitz to reignite growth

      11 July 2025

      Nissan doubles down on South Africa despite plant uncertainty

      11 July 2025
    • World

      Grok 4 arrives with bold claims and fresh controversy

      10 July 2025

      Bitcoin pushes higher into record territory

      10 July 2025

      Cupertino vs Brussels: Apple challenges Big Tech crackdown

      7 July 2025

      Grammarly acquires e-mail start-up Superhuman

      1 July 2025

      Apple considers ditching its own AI in Siri overhaul

      1 July 2025
    • In-depth

      Siemens is battling Big Tech for AI supremacy in factories

      24 June 2025

      The algorithm will sing now: why musicians should be worried about AI

      20 June 2025

      Meta bets $72-billion on AI – and investors love it

      17 June 2025

      MultiChoice may unbundle SuperSport from DStv

      12 June 2025

      Grok promised bias-free chat. Then came the edits

      2 June 2025
    • TCS

      TCS+ | MVNX on the opportunities in South Africa’s booming MVNO market

      11 July 2025

      TCS | Connecting Saffas – Renier Lombard on The Lekker Network

      7 July 2025

      TechCentral Nexus S0E4: Takealot’s big Post Office jobs plan

      4 July 2025

      TCS | Tech, townships and tenacity: Spar’s plan to win with Spar2U

      3 July 2025

      TCS+ | First Distribution on the latest and greatest cloud technologies

      27 June 2025
    • Opinion

      In defence of equity alternatives for BEE

      30 June 2025

      E-commerce in ICT distribution: enabler or disruptor?

      30 June 2025

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025

      Singapore soared – why can’t we? Lessons South Africa refuses to learn

      13 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » News » BCX terms not onerous: Telkom

    BCX terms not onerous: Telkom

    By Duncan McLeod5 August 2015
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp
    Sipho Maseko
    Sipho Maseko

    The terms that the Competition Tribunal has imposed on Telkom and Business Connexion (BCX) over their impending merger are not an “undue burden” and the parties are happy to accept them, Telkom CEO Sipho Maseko said at a press conference on Wednesday.

    On Tuesday, the Competition Tribunal said it had decided to approve Telkom’s R2,7bn acquisition of BCX, but had attached conditions to the deal.

    “It’s okay for the regulator to ask for these things,” Maseko said. “The journey we are on, in another five years, the company will look totally different. It probably won’t even be necessary to have conditions of this nature for transactions like this.”

    Maseko explained that the parties have agreed to extend a previous settlement agreement reached with the commission by two years, from 2018 to 2020.

    This agreement was related to previous charges of anticompetitive behaviour brought against Telkom by Internet service providers and other industry players.

    In addition to this, Telkom has agreed not to increase the prices of certain products, namely Diginet and MetroClear services. But Maseko said this requirement is “not a big deal” for Telkom.

    A further restraint involves transfer pricing, the setting of prices for services sold between related legal entities within Telkom. Maseko said Telkom is already far down the line in addressing issues in this area through its previous agreement with the Competition Commission.

    Isaac Mophatlane
    Isaac Mophatlane

    “We began to implement this 12 to 18 months ago, so the conditions imposed on us are not onerous because they’re part of the journey we are traversing anyway.”

    Lastly, BCX may retrench a maximum of 60 staff over the next three years, or 20 people per year.

    BCX CEO Isaac Mophatlane said he doesn’t expect the company to retrench that many staff because of skills shortages.

    Maseko said the parties hope to consummate the deal on 1 September, after they have received approval from the Takeover Regulation Panel and the JSE.  – © 2015 NewsCentral Media



    BCX Business Connexion Competition Commission competition tribunal Isaac Mophatlane Sipho Maseko Telkom
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleAce subsea cable coming to SA
    Next Article MTN will no longer ‘subsidise’ Afrihost

    Related Posts

    Vodacom, Maziv deal now looks likely after CompCom U-turn

    8 July 2025

    Huawei South Africa Connect 2025 showcases pathways to industrial transformation

    6 July 2025

    Vodacom’s influence on Maziv too strong to ignore: tribunal

    27 June 2025
    Company News

    $125-trillion traded: Binance redefines global finance in just eight years

    11 July 2025

    NEC XON welcomes HPE acquisition of Juniper Networks

    11 July 2025

    LTE Cat 1 vs Cat 1 bis – what’s the difference?

    11 July 2025
    Opinion

    In defence of equity alternatives for BEE

    30 June 2025

    E-commerce in ICT distribution: enabler or disruptor?

    30 June 2025

    South Africa pioneered drone laws a decade ago – now it must catch up

    17 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.