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…
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…
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…
