JSE-listed technology services company Business Connexion (BCX), which is currently the subject of a R2,7bn takeover bid by telecommunications group Telkom, has itself acquired a 30% stake in a Nigerian company, AppZone, which provide IT solutions to the financial services sector in Lagos. The value of the deal
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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
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
JSE-listed technology services provider Business Connexion has reported a slight decline in normalised headline earnings per share of 20,7c in the six months ended 28 February 2014, from 21,3c previously. Revenue for the period was R3,1bn
JSE-listed technology services group Business Connexion (BCX) has acquired two IT companies elsewhere on the African continent, Panabiz Nigeria and Ultimate Solutions Botswana. BCX has acquired a 100% stake in both
JSE-listed technology services group Business Connexion has announced an internal reorganisation meant to help it grow in international markets, it said on Tuesday. The process includes a change in the group’s executive team and the creation of a new group structure to allow for the
Business Connexion has overtaken long-time incumbent Dimension Data to become the top IT company in South Africa as measured by its share of the market’s value, according to new research by International Data Corp. BCX’s performance is due to strong annuity-based