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IT

South Africa sets Telkom-BCX takeover hearing date

Wednesday 1 July 2015 | 10:44 CET | News
South Africa's Competition Tribunal has set aside 30 July to 07 August for its hearing of Telkom's planned takeover of Business Connexion (BCX). Telkom said in a statement that regulatory approval is still required from the Competition Tribunal and the Independent Communications Authority of South Africa to go ahead with the ZAR 2.7 billion buy-out. Telkom has already received the Competition Commission's approval. Once the two regulatory approvals are in effect, Telkom said the final approval of the proposed transaction will be sought from the Takeover Regulatory Panel. The competition

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