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
Browsing: Competition Commission
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
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