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IT

BCX sees Telkom deal completed by year-end

Wednesday 30 July 2014 | 12:38 CET | News
South African IT services firm Business Connexion (BCX) hopes its sale to Telkom is finalised by late November or early December, although the company has admitted it could be delayed if the transaction is challenged at the Competition Commission. Techcentral also reported that Telkom intends reversing its Cybernest data centre business into BCX once the deal has been concluded. BCX deputy CEO Vanessa Olver said Telkom's all-cash offer of ZAR 2.7 billion will be put to the company's shareholders on 11 August. If accepted, the parties will then seek regulatory approval for the transaction.

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Categories: Fixed / IT
Companies: Business Connexion / Telkom
Countries: South Africa
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