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%....
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: News24 - 🏆 4. / 80 Read more »