Thursday, May 10, 2007

Antitrust hearings on Telkom's BCX bid to restart

(Reuters) - Antitrust hearings into a plan by South African phone firm Telkom to buy IT outsourcing firm Business Connexion are due to restart next week after a delay, the Competition Tribunal said on Thursday.

Hearings were postponed last month, delaying a 2.43 billion rand deal which Telkom says is a crucial plank of its strategy to diversify away from a flagging fixed-line phone business.


Read more at Reuters Africa

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