The Competition Tribunal has announced that it will hear submissions relating to Vodacom’s proposed acquisition of a stake in Maziv for 18 days.
The proposed transaction involves Vodacom taking a 30% stake in Maziv in exchange for at least R9 billion in cash and fibre assets valued at R4.2 billion. Vodacom’s fibre assets that would be added to Maziv’s stable include its residential, business, and tower fibre infrastructure. The deal excludes Vodacom’s long-distance network.
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