By "latest" tekkit do you mean 3.0? If you are then the minecraft screen will say it is running on MC version 1.2.5..
If you are all using that then the reason you can't connect is you are trying to connect a 1.2.5 client to a 1.1 server. There are no 1.2.5 server files at the moment so you need to use the correct client files.
When you fire up the technic launcher, with tekkit selected click on options. The make sure you have recommended build selected, NOT development build.
If it's not that then no idea. You've given absolutely no information to go on .