Herotel is currently South Africa’s third-largest fibre network operator behind Vumatel and Openserve. The Independent Communications Authority of South Africa (ICASA) has approved the licence transfer application of Herotel to Maziv subsidiary Vumatel. Maziv told ITWeb that ICASA approved the licence transfer application today. The approval follows the Competition Tribunal’s clearance of Vumatel’s acquisition of…
The Competition Tribunal has approved the sale of Herotel to Vumatel, but only subject to an extensive set of conditions aimed at safeguarding competition. The decision clears the way for Vumatel, which is already a shareholder in Herotel, to acquire full control of the business. Vumatel, a subsidiary of Maziv, is South Africa’s largest fibre-to-the-home…
Herotel operates fibre infrastructure. The Competition Tribunal has approved the merger in which Vumatel will acquire control of Herotel. In a statement, the tribunal says it has approved the transaction subject to conditions which address competition and public interest-related concerns. The conditions can be accessed here. Vumatel, already a shareholder in Herotel, is South Africa’s…
