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Telkom South Africa acquires Business Connexion Group

Business Connexion Group (BCX) has merged with Telkom South Africa. The announcement is the culmination of efforts which began in April 2013 when Telkom SA embarked on a strategy to improve performance, with one key considerations of the strategy being to grow beyond its core business of connectivity by expanding into ICT services.

BCX is a major ICT services providers listed on the Johannesburg Stock Exchange (JSE) when measured in terms of turnover, total assets and staff compliment. The company employs more than 6,700 people on the African continent with offices in various African countries (including Kenya), UK and Dubai and generates revenue in excess of R6 billion per annum.

“BCX has very strong capabilities in managed IT Infrastructure, including data centres, cloud based services and application development and the merger will enable Telkom to expand its existing offerings whilst, at the same time, providing scale in IT services, which will help reinforce Telkom’s core connectivity business and enhance Telkom’s convergence strategy”, said Isaac Mophatlane, Group CEO, BCX.

Mophatlane said he believes that the merger will advance the strategies of both Telkom and BCX and that working together with Telkom will improve both their customer value propositions through a greater ability to provide integrated end-to-end ICT solutions and a more global and competitive offering, particularly on the African continent and beyond.
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