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There have been many reports about how the looming Telkodemonopolies acquisition of BCX, has adversely affected BCX, I expect this will be reflected in BCX's financial results as well, IOW Telkodemonopolies' failed BCX acquisition has IMO made BCX even more vulnerable to being gobbled up for much less than BCX was previously valued at.Redshaw, who has said previously that he felt Telkom was paying above the odds for BCX, says he will be looking closely at the company's annual financial results, which are due to be released in about two months' time. "Until then it is difficult to draw any conclusions."
Business Connexion CEO Benjamin Mophatlane says the BCX board will convene soon to chart the way forward. No options are off the table, he says. A management buy out, first mooted last year by Watt, is one possibility that will be discussed.