There were several interesting developments this week in the increasingly complex consolidation game unfolding in South Africa’s information and communications technology sector
Browsing: Business Connexion
Telkom will no longer seek the permission of communications regulator Icasa for its proposed R2,7bn acquisition of Business Connexion (BCX), the telecommunications operator said on Tuesday
It was another busy year in South Africa’s technology industry. From the drama at the SABC to the drama over the splitting of the department of communications, it’s been an interesting news year, but a frustrating one for the sector. We know what our favourite stories were in 2014
JSE-listed technology services group Business Connexion (BCX), currently the subject of a takeover by Telkom, has reported normalised headline earnings per share of 39,8c for the year ended 31 August 2014, down from 45,1c in the 2013 financial year. Normalised gross margins fell only slightly, from
The Competition Commission has recommended the approval of MTN’s acquisition of a majority stake in Afrihost. It won’t impose any conditions on its support of the deal, it said on Wednesday. TechCentral reported in early June that the
Telkom and Business Connexion (BCX) are still awaiting approvals from four regulators before the telecommunications operator’s R2,7bn acquisition of the JSE-listed IT services company can be consummated. In a statement to shareholders on Tuesday, BCX said the parties are
JSE-listed technology group Business Connexion (BCX) has launched the Benjamin Mophatlane Foundation, in honour of its late CEO, to provide technology-orientated educational opportunities and sponsorships to previously disadvantaged
The technology distribution business in South Africa has become “massively overtraded” and competitors are in a “race to the bottom” if they can’t diversify by entering complementary business areas. That’s the view of Miles Crisp, CEO of
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
Telkom, for many years shunned by both institutional and retail investors, appears to have shed its poor image in the investment community, with the market rushing to snap up its shares on the expectation of a significant turnaround in its fortunes. The share price was trading up by more than 6% in lunchtime trading on the JSE on Tuesday