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IT

Telkom, BCX extend merger deadline again

Monday 4 May 2015 | 15:07 CET | News
South Africa operator Telkom and ICT firm Business Connexion (BCX) missed the deadline of 30 April to complete their merger, as the companies still await approvals from regulatory authorities. Telkom said the deal still needs approval from South African competition authorities and Icasa. Upon receipt of the above approvals, final approval of the proposed transaction will be sought from the Takeover Regulation Panel. In the meantime, the companies extended the deadline for the implementation of the merger to 31 May. Telkom first announced in May 2013 the agreement to acquire the ICT group for

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