M&A Deal Summary

Telkom Acquires Business Connexion Group

On August 4, 2015, Telkom acquired information technology company Business Connexion Group

Acquisition Highlights
  • This is Telkom’s 1st transaction in the Information Technology sector.
  • This is Telkom’s 2nd transaction in South Africa.

M&A Deal Summary

Date 2015-08-04
Target Business Connexion Group
Sector Information Technology
Buyer(s) Telkom
Deal Type Add-on Acquisition

Target

Business Connexion Group

Midrand, South Africa
website
Business Connexion Group Ltd. is a provider of advanced information and communication technology (ICT) products, services and solutions.

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Buyer(S) 1

Buyer

Telkom

Centurion, South Africa

website


Category Company
Founded 1991
Sector Communications
Employees11,788
Revenue 42.8B ZAR (2022)
DESCRIPTION

Telkom is a communications services provider. Telkom provides retail voice service and switched telephone network services. Telkom was founded in 1991 and is based in Centurion, South Africa.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (South Africa) 2 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Trudon

Johannesburg, South Africa

Trudon is a publisher of local commercial search and information, as well as an advertising provider to SME national customers in South Africa. Trudon publishes the Yellow Pages, the Phonebook (White Pages), Yellow Pages Mobile, and the operator-assisted 10-11-8 business inquiries line (“Trudon Talking Yellow Pages”). Trudon was formed in 1952 and is based in Johannesburg, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-22 Swiftnet

Centurion, South Africa

Swiftnet is a tower company that owns a portfolio of 6,200 communication towers catering to the telecommunications industry and offers assets (Towers, In-Building coverage Solutions, and Small Cells) to licensed operators to deliver connectivity. Swiftnet is based in Centurion, South Africa.

Sell $355M