JSE-listed IT services firm Business Connexion (BCX) hopes its sale to Telkom is finalised by late November or early December, although the company has admitted it could be delayed if the transaction is challenged
Browsing: Competition Commission
On Digital Media (ODM), the owner of pay-television operator StarSat (formerly TopTV), is making a more aggressive play into sports, reserving an entire channel number range to sports channels and launching a new sports
Vodacom is going to face an uphill battle in its attempt to get regulatory approval for its R7bn acquisition of Neotel. Its competitors, who are already publicly questioning the legality of the deal, are likely to lobby for it to be scuppered or at the very least have strict conditions imposed on it. “It will be challenged
Telkom shares were trading up by more than 5% in lunchtime trading on the JSE on Thursday after issuing a positive earnings update. For the year ended 31 March 2014, Telkom said it expects basic earnings per share from continuing operations to be between R29,72
Last week was one of the most interesting in the history of telecommunications in South Africa. Telkom made its second bid in seven years for Business Connexion (BCX), while Vodacom and Neotel came to an agreement on a R7bn acquisition, which, if approved, will finally give the mobile operator a compelling offering in the enterprise
Seven-year-old Neotel, which is currently the subject of a takeover bid by Vodacom, is showing strong customer growth in the business, small enterprise and retail market segments. Its revenue for the financial year ended 31 March 2014 was R3,9bn, up by 23% from a year ago, with the business and the small enterprise and retail market
Communications regulator Icasa has moved to deflect criticism that consolidation in South Africa’s telecommunications industry is a result of its failure to award new radio frequency spectrum licences. In a statement on Friday, Icasa says there have been “insinuations in the media to the effect that some of these developments are as a
Telkom’s second attempt in seven years at acquiring Business Connexion (BCX), the listed IT services group, will probably get the nod from South Africa’s competition authorities, analysts believe. Telkom on Thursday announced it had made a R2,7bn all-cash offer to buy out the JSE-listed IT services company. In 2004, Telkom bid
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