Vodacom has finally overcome the last regulatory hurdle in its long and troubled attempt to acquire a stake in Maziv, four years after they first agreed to the transaction. The mobile telecommunications giant confirmed in a statement to investors on Wednesday that the transaction now has the green light from communications regulator Icasa. The company…
Maziv is targeting connecting more than 8 000 cellular base stations with high-speed fibre. Maziv, the parent company of Dark Fibre Africa (DFA) and Vumatel, says the cash injection and assets from Vodacom, following the merger, will help to scale its business, as it targets passing 50 000 South African homes per month with high-speed…
Maziv CEO Dietlof Mare Maziv, the fibre network operator in which Vodacom is buying a 30% co-controlling stake, wants to connect the more than 8 000 cellular base stations in South Africa that are not already connected to fibre infrastructure. CEO Dietlof Mare told Digital Council Africa’s Conext Digital Infrastructure Investment Summit in Sandton on Thursday…
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…
