Bad news for Telkom’s Business Connexion deal

21 Nov 2006

South Africa’s competition commission has said Telkom’s proposed acquisition of corporate data service provider Business Connexion should not go ahead. The regulator said a merger would be likely to harm competition in the country’s IT sector. News portal MyADSL reports that Business Connexion’s share price has dipped on the news, with many local analysts believing that the deal will not now go ahead. A final regulatory ruling on the acquisition will not be made until next year.

South Africa, Telkom South Africa