Further to our August 2014 update (available here) the Telkom / Business Connexion (BCX) merger is still under investigation in some jurisdictions. The merger parties are awaiting approval from the South African Competition Tribunal and the Competition Commission of the Common Market for Eastern and Southern Africa (COMESA). The merger may be finalised by the end of March 2015. Telkom has also recently stated that it will no longer seek approval from the Independent Communications Authority of South Africa (ICASA) to transfer licenses from BCX to Telkom.

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