Telkom’s proposed acquisition of Business Connexion – its second attempt to buy the listed IT services company – will create an information and communications technology (ICT) company that will “address the technology and communications needs of South African businesses nationally”. That’s according to the
Seven years after it was forced by the competition authorities to abandon a deal to acquire listed IT services group Business Connexion, Telkom is back for another go. The telecommunications operator has offered BCX shareholders R6,60/share, a 20% premium over the share price at close of trade on 14 April when the company issued
An international cyber crime syndicate was exposed this week, with 12 people arrested on South African soil, officials said on Wednesday. Twelve people were arrested in Pretoria on Tuesday while another eight were arrested in the US and Canada, authorities from the three countries said in a joint statement. The arrests came after a joint
The set-top boxes that South Africans will need to watch digital terrestrial television should be given away for free to poor people because, by the time the country has finally migrated from analogue to digital broadcasting, anyone who can afford a set-top box will already
After a lengthy pilot project, Standard Bank has commercially launched SnapScan, a smartphone-based payments system that removes the need for consumers to carry either cash or bank cards, allowing them to make payments using only their phones. Consumers from any bank, not only
TomTom has been making GPS navigation hardware devices for just over a decade and today its GPS tracking product range extends beyond cars and bikes. The TomTom Runner is a fitness tracker targeted at both indoor and outdoor runners. This GPS fitness watch bears a striking resemblance to the Nike+ GPS watch that was, in fact, developed by
Residents of the Johannesburg suburb of Parkhurst have asked for proposals from telecommunications service providers to wire up homes and businesses in the upmarket area to high-speed fibre-optic broadband infrastructure. The Parkhurst Residents and Business Owners Association (Praboa) has put out a request for proposal for fibre-to-the-home
Online video behemoth YouTube, owned by Google, is said to have reached a deal to buy Twitch, a company that streams video of people playing videogames, for more than US$1bn. But why? According to a report by Variety, in which it quotes unnamed sources close to the deal, the purchase will be an “all-cash offer” and will be announced
Profits at Nashua Mobile plunged by 41% year on year in the six months to 31 March 2014, falling from R101,8m to R60,4m, parent Reunert disclosed in its interim results on Tuesday. This was on the back of a 2% decline in revenue, from R1,85bn to R1,81bn, at the independent cellular service provider, whose customer base Reunert has
Vodacom published its annual results for the 2014 financial year on Monday. TechCentral editor Duncan McLeod sat down with the group’s CEO, Shameel Joosub, after the results presentation to ask him about the operator’s offer to buy Neotel as well as its plans to relaunch M-Pesa. Joosub talks about Vodacom’s view on where
