{"id":548639,"date":"2006-05-01T08:04:31","date_gmt":"2006-05-01T08:04:31","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/548639-telkom-gets-competition.html"},"modified":"2006-05-01T08:04:31","modified_gmt":"2006-05-01T08:04:31","slug":"telkom-gets-competition","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/548639-telkom-gets-competition.html","title":{"rendered":"Telkom gets competition"},"content":{"rendered":"<p><font size=\"2\">\u201cBusiness Connexion shareholders are advised that the company has received, and is in the process of considering, an expression of interest, which is subject to numerous conditions precedent, from another potential bidder to acquire the entire issued share capital of Business Connexion,\u201d reads a company announcement. <\/p>\n<p>On March 22 Telkom announced that it had received \u201cin-principle\u201d support from five key shareholders of BCX for an offer of R9 a share. Experts say that Telkom\u2019s proposed takeover would have difficulty making it past the Competition Commission because Telkom is a key supplier of upstream inputs such as bandwidth. <\/p>\n<p>Telkom\u2019s most likely rival is Bytes technology, the subsidiary company of the Altron group. Earlier, Bytes CEO Dave Redshaw confirmed it had been part of the negotiations but said: \u201cWe just couldn\u2019t meet expectations.\u201d However, Redshaw said: \u201cI still think it\u2019s a great company and we\u2019d be very compatible.\u201d <\/p>\n<p>Both Bytes and BCX are similarly empowered, and the deal would have fewer competition hurdles. <\/p>\n<p>The price of the mystery bidder\u2019s offer remains undisclosed; it is not inconceivable that it is lower than Telkom\u2019s offer. Telkom has declared that it will not increase its offer. It seems the parastatal\u2019s poker face may soon be tested. <\/font><\/p>\n<p><a href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php?t=42401\" target=\"_blank\" rel=\"noopener\"><font size=\"2\">Discuss this article<\/font><\/a> <\/p>\n<p \/>\n","protected":false},"excerpt":{"rendered":"<p>SHARES in Business Connexion (BCX) rose 5,8% to R8,75 on news that the technology company had received an \u201cexpression of interest\u201d from an unnamed bidder.<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-548639","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/548639"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=548639"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/548639\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=548639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=548639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=548639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}