S.African tribunal blocks Telkom, BCX deal

(Reuters) - South Africa's Competition Tribunal has prohibited the acquisition of IT outsourcing firm Business Connexion Group (BCX) by fixed-line group Telkom, the regulator said on Thursday.

Telkom planned to acquire the IT firm for 2.43 billion rand and first announced the transaction in March 2006, but ran into opposition from competition bodies and competitors.


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Telkom bounces 4 pct as market digests results

(Reuters) - Shares in South African fixed line operator Telkom recovered on Thursday, climbing by more than 4 percent as the market favourably digested the group's annual results and a possible divestment.

On Wednesday, Africa's biggest telecoms company posted a one percent decline in annual headline earnings per share, dented by a hike in operating expenses, sending its shares 1.93 percent lower.


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S.Africa's Telkom FY headline EPS down 1 pct

(Reuters) - Africa's biggest telecoms company, Telkom, posted a one percent decline in annual headline earnings per share on Wednesday.

South Africa's fixed-line operator said headline EPS fell to 1,710.7 cents in the year to end March, below analysts' expectations.


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