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IT

Telkom, Business Connexion file for merger approval

Tuesday 5 August 2014 | 14:25 CET | News
South Africa's Telkom and Business Connexion have submitted their merger notification to the competition authorities. According to Business Connexion, key shareholders representing 80 percent of its ordinary shares have given BCX written support for the proposed transaction. Shareholders will vote on the deal 11 August. BCX also notified shareholders that the original deal was amended to allow the company to make distributions to shareholders of up to ZAR 0.20 per share before completion of the takeover by Telkom.

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