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IT

Telkom, BCX still waiting for approval from regulators

Wednesday 22 October 2014 | 11:21 CET | News
South Africa's Business Connexion (BCX) said it is still awaiting regulatory approval in a number of countries for Telkom's takeover of the company. In a statement to shareholders, the company said it still needs approvals from the Competition Commission of South African, the Competition Authority in Botswana, the Common Market for Eastern and Southern Africa Commission, and the Independent Communications Authority of South Africa. Both companies do not expect any regulatory issues to arise and anticipate receiving clearance in due course. Telkom's cash offer of ZAR 6.60 a share − its second

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