Maziv, the company that owns Vumatel and Dark Fibre Africa, plans to spend R12-billion over the next five years as its ramps its deployment of fibre infrastructure across South Africa. Poised for a big injection of cash and assets from Vodacom, which is buying a 30% co-controlling stake in the business, it has unveiled big…
Maziv welcomes the Competition Appeal Court’s approval of its merger with Vodacom. (Photograph by Lesley Moyo) Maziv has welcomed the greenlight for its merger with Vodacom, saying the development paves the way for “major capital investment and accelerated” fibre rollout across the country. This follows last week’s decision by the Competition Appeal Court that approved…
Maziv chairman Pieter Uys Last week’s decision by the competition appeal court to set aside an earlier ruling by the Competition Tribunal blocking Vodacom’s Maziv deal – allowing the merger to proceed – will yield positive outcomes for internet access in low-income communities across South Africa. This is according to Maziv chairman Pieter Uys, who…
The regulatory process is a test of perseverance, says Maziv After years of regulatory hurdles, the Competition Appeal Court has approved the long-delayed R14 billion merger of Vodacom, South Africa’s largest mobile operator, and fibre infrastructure giant Maziv. The decision ends a three-year impasse and clears the way for Vodacom’s acquisition of a 30% stake…
Vodacom Group CEO Shameel Joosub All that stands between Vodacom consummating its acquisition of a co-controlling stake in fibre operator Maziv is communications regulator Icasa. This is after the competition appeal court on Thursday ruled that – more than three-and-a-half years after Vodacom and Maziv parent CIVH first announced their deal – the transaction could…
After more than three-and-a-half years of regulatory wrangling, Vodacom South Africa has finally been given the green light to acquire a co-controlling 30-34.95% stake in fibre operator Maziv, TechCentral has learnt. Maziv, which owns Vumatel and Dark Fibre Africa, will now get billions of rand in new capital flowing into its coffers that will allow…
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…
