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Competition Tribunal prohibits Vodacom-Maziv R14bn merger deal

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Vodacom News

Maziv,Fibre,Competition Tribunal

The watchdog issues an order barring the proposed transaction involving mobile operator Vodacom and fibre infrastructure company Maziv.

The Competition Tribunal has today issued an order prohibiting the proposed transaction involving mobile operator Vodacom and fibre infrastructure company Maziv.The order comes after in August last year, the Competition Commission recommended the R14 billion merger be prohibited.

It notes that Maziv is a wholly-owned subsidiary of CIVH, which has two main operating subsidiaries, Dark Fibre Africa and Vumatel. The Department of Trade, Industry and Competition and the Communication Workers’ Union also participated in the proceedings. The companies also made a commitment to create up to 10 000 new jobs, while at the same time providing job security and enhanced benefits for current employees potentially impacted by the transaction.

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 /  🏆 45. in MY
 

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