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
Browsing: Competition Commission
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
Vodacom has revealed that the Competition Commission has decided to investigate a complaint lodged by Cell C, in which the smaller mobile operator has accused its larger rival of abusing its dominance in contravention of the law. “The group received a complaint from the Competition Commission in which it is alleged that Vodacom
MultiChoice has criticised communications regulator Icasa over its decision to ask the Competition Commission to probe a “possible restrictive horizontal practice” between it and the SABC over the supply by the public broadcaster of a 24-hour news channel
Communications regulator Icasa has asked the Competition Commission to probe what it’s calling a “possible restrictive horizontal practice” between the SABC and MultiChoice over the supply by the public broadcaster to the pay-television operator of a 24-hour news channel. TechCentral revealed last year that the agreement contains an obligation
Vodacom intends tabling an offer of US$460m (about R5bn) to buy Neotel, according to a report published in the Wall Street Journal on Wednesday. The newspaper, quoting an unnamed executive at India’s Tata Communications, Neotel’s holding company, said that Vodacom, which is a subsidiary of the UK’s Vodafone, will also take on Neotel’s
Telkom’s share price leapt higher by nearly 4% on Tuesday after a positive trading update fired up investors’ appetite for the stock. At the close on Tuesday, the share was up by 3,9% at R32 after at one stage trading as high as R32,60. Telkom told shareholders that it expects its headline earnings per share
An announcement regarding the mooted acquisition by Vodacom of Neotel could be made within the next couple of weeks, with due diligence nearing completion. That’s the word from Neotel CEO Sunil Joshi, who was speaking to TechCentral in
StarSat, the pay-television platform previously known as TopTV, will emerge as a “serious competitor” to MultiChoice, the Naspers subsidiary that owns the dominant DStv service. That’s the word from Peter van den Steen, who is overseeing the business rescue of StarSat parent On
The year has not started well for advocates of net neutrality, the idea that all data on the Internet should be treated equally, without discrimination. A US federal court struck down a key part of the Open Internet Order, a set of Federal Communications Commission regulations