The protracted, multibillion-rand investment by Vodacom in Vumatel owner Maziv led an “unprecedented” legal challenge to the competition appeal court (CAC) at a hearing into the matter on Tuesday. The Competition Commission U-turned earlier this month when it announced it was now in favour of the deal following negotiations with Vodacom and Maziv. It had…
Maziv is a wholly-owned subsidiary of Community Investment Ventures Holdings. (Photograph by Lesley Moyo) Vodacom and Maziv have today been interrogated by the Competition Appeal Court over why they had bothered to sweeten a potential merger if they were simultaneously appealing a 2024 decision by the Competition Tribunal prohibiting their multibillion-rand deal. Advocate Jerome Wilson,…
Vodacom’s proposed acquisition of a 30% stake in fibre network operator Maziv could value the target company at up to R36-billion after agreeing revised terms on Friday. That would make Maziv, which owns fibre companies Vumatel and Dark Fibre Africa, worth more than R7-billion more than Telkom, which closed on Friday on the JSE with…
Vodacom South Africa has announced big changes to the terms of its planned acquisition of Vumatel parent Maziv as it works to get the deal over the line. Under the new terms, Vodacom will buy a maximum 34.95% stake in Maziv, down from 40% previously, while the financial terms of the deal have also been…
Vodacom’s acquisition of a co-controlling stake of up to 40% in Vumatel parent Maziv is suddenly back on the table following a dramatic development in the case. The Competition Commission said on Tuesday that it has reached an agreement with both Vodacom and Maziv, which also owns Dark Fibre Africa, that could see the deal…
Under the deal, Vodacom is looking to acquire a 30% stake in the newly-created Maziv. Vodacom has been given a boost by local competition authorities in its bid to band together with fibre network operator Maziv. This, after the Competition Commission (CompCom) today revealed it reached an agreement with the companies on revised conditions that…
Vodacom’s acquisition of a co-controlling stake of up to 40% in Vumatel parent Maziv is suddenly back on the table following a dramatic development in the case. The Competition Commission said on Tuesday that it has reached an agreement with both Vodacom and Maziv, which also owns Dark Fibre Africa, that could see the deal…
The Competition Tribunal’s decision to block the proposed acquisition by Vodacom of an up-to-a-40% co-controlling stake in fibre operator Maziv was in part influenced by the competition regulator being unconvinced of the mobile operator’s claims that it would not influence Maziv’s strategic and operational direction post-merger. At the tribunal’s marathon hearings into the matter, Vodacom…
