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…
In a move described as a “significant milestone”, Blu Label Unlimited Group – previously Blue Label Telecoms – has been given the green light by the Competition Tribunal to take control of mobile operator Cell C. The JSE-listed group said in a statement to investors on Thursday that The Prepaid Company – the Blu Label…
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…
The merger would have united SA’s largest mobile network operator with a key player in fibre infrastructure. The Competition Tribunal has concluded that the proposed R14 billion merger between Vodacom and Maziv “cannot be justified on substantial public interest grounds”. Yesterday, the competition watchdog provided the public version of the reasons why it prohibited the…
It’s many months late, but the Competition Tribunal has finally released its reasons document – or at least, a non-confidential version thereof – outlining why it decided to block Vodacom’s acquisition of a co-controlling stake in fibre operator Maziv. The tribunal last October shocked the merging parties – and the telecommunications industry – when it…
