Business Connexion shareholders have voted overwhelmingly in favour of a R2,7bn all-cash offer from Telkom, paving the way for a review by South Africa’s competition authorities and communications regulator Icasa. Telkom has offered BCX shareholders R6,60/share to buy 100% of the company. The deal is seen as
Cell C’s bond holders have agreed unanimously to a €160m (about R2,3bn) restructuring of the company’s debt, allowing it to free up cash for network expansion, according to Reuters. Their decision will allow South Africa’s third mobile operator to free up cash. The company said last month that it would extend the maturity date of €160m of
JSE-listed mobile telecommunications and payments specialist Blue Label Telecoms has made an offer of as much as R247m to acquire 75% of Via Media, which develops mobile content and related value-added services, from Malik Investment Holdings. Via Media provides content using technologies such as premium-rated SMSes, multimedia
Cape Town will not have tolled freeways like Gauteng, the roads agency Sanral has said. “Firstly, whereas in Gauteng we went out to borrow money in order to build the road, with Cape Town we will be appointing a concessionaire on a
Standard Bank has announced big updates to its banking application for smartphones. The app incorporates the Standard Bank ID, which was introduced with the bank’s tablet app in March. Once users create a unique login, they can use this across all their devices
Communications regulator Icasa should steer clear of developing regulations dealing with network neutrality, the Internet Service Providers’ Association (Ispa) has recommended. The recommendation comes in the ISP body’s submission to Icasa’s high-level
Brett Haggard gets together with Andy Hadfield and Steven Ambrose for a mobile money- focused episode. Topics discussed by the panel include Vodacom’s new R550 smartphone, the Internet.org app, impressions of
The Independent Communications Authority of South Africa (Icasa) did not follow procedure when deciding to allow three adult channels on local television, the Western Cape high court heard on Monday. Administrative justice had not been promoted and Icasa’s decision should thus be struck down, Murray Bridgman argued on behalf of
How is this for ambitious? Vodacom in South Africa is hoping to sign up 10m subscribers to its M-Pesa mobile banking and payments platform within the next five years. To put that in context, the cellular operator managed to
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