MTN will not get access to Telkom’s valuable chunk of 4G/LTE radio frequency spectrum in the 2,3GHz band. The negotiations between the two companies, in which it is proposed that MTN takes over the financial and operational management of Telkom’s radio access network, specifically excludes
Fixed lines were again the weakest link in Telkom’s annual financial results. For the year ended 31 March 2014, fixed-line data revenue went into reverse for the first time, recording a decline of 1,1%, while fixed voice and interconnection revenue fell by 7,4%. The company still managed an increase
Telkom and Business Connexion have agreed to suspend talks following the death on Wednesday of BCX CEO Benjamin Mophatlane. The two had been in negotiations following the telecommunications operator’s decision to table a R2,7bn offer to buy the IT services company. Mophatlane died on
Telkom CEO Sipho Maseko has paid tribute to the late CEO of Business Connexion (BCX), Benjamin Mophatlane, saying his death is a “great loss, not only for BCX, but for business in South Africa, the Africa region and the world”. “His zest for life and energising presence will be deeply missed,” Maseko said
Business Connexion CEO Benjamin Mophatlane, 41, has died. “The Business Connexion Group board and exco announces with profound regret and sadness, the passing of our chief executive officer, Benjamin Mophatlane,” the company said in an internal e-mail. “Benjamin was in a meeting with
The board of Business Connexion (BCX) has named Vanessa Olver as acting CEO following the death on Wednesday of Benjamin Mophatlane. Mophatlane, who was just 41, died of a heart attack while in a meeting in Rosebank in Johannesburg. Olver, a chartered accountant, joined BCX in August 2009
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
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
