Remgro bets on contested Vodacom fibre merger

Remgro, the investment holding company chaired by Johann Rupert, is confident that the Competition Tribunal will approve the merger between telecom business Community Investment Ventures Holdings and the fibre businesses of Vodacom, SA’s biggest mobile phone operator.

This comes after the Competition Commission on Tuesday recommended that the deal involving CIVH’s fibre units, Vumatel and Dark Fibre Africa , which were folded into a new holding company called Maziv, be blocked as Vodacom aims to take a 30% stake in Maziv, worth an estimated R13bn, with the option of raising that to 40%....

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Vodacom and Remgro head for Competition Tribunal after CIVH merger blockedIf approved by the tribunal the merger will create one of SA’s largest fibre providers
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

Vodacom, Vumatel deal will bring fibre to 1 million poor homes, says Remgro after watchdog blow | BusinessThe Competition Commission has recommended that a deal between Vodacom and Vumatel be prohibited, saying it would lessen competition. | JanTamb
مصدر: News24 - 🏆 4. / 80 اقرأ أكثر »