BCX glad uncertainty is over
“We are pleased that the uncertainty surrounding the outcome of the Competition Tribunal hearings has now been resolved and we can focus on consolidating Business Connexion’s leading position in the South African ICT industry,” says Benjamin Mophatlane, CEO designate of Business Connexion.
“With or without Telkom, Business Connexion is a solid business which has excellent prospects. We invite our shareholders, clients and employees to come along for the ride – there are exciting times ahead.”
While the process which began in March 2006 has taken a long time, Mophatlane remains upbeat despite the outcome. “We would like to thank our clients and employees who have supported us during this time,” he adds.
Mophatlane says there will be a renewed focus on building Business Connexion Communications and looks forward to taking advantage of the opportunities provided by convergence and deregulation.
“Our service delivery culture remains our prime focus; we have shown tremendous resilience in a highly competitive environment and will continue to do so,” he concludes.
Telkom SA Ltd’s offer of R9 per share plus a dividend of 25 cents was made in March last year. The deal was opposed by the Competition Commission, Dimension Data and the Internet Service Providers’ Association.
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