Telkom Hired Bain for Strategy Help Without Bidding Process
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Telkom SA SOC Ltd., South Africa’s largest landline carrier, awarded a 91.1 million-rand ($8.6 million) advisory contract to Bain & Co. last year without following an open bidding process, according to a document seen by Bloomberg News.
The March 24 letter, a response by Telkom Deputy Information Officer Anton Klopper to a request under South Africa’s Promotion of Access to Information Act, showed that there was no record of a published or archived competitive process that led to the selection of Bain, the Boston-based management consulting firm.