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Remgro bets on contested Vodacom fibre merger

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While the Competition Commission raises red flags over the R13bn deal, Remgro sees a brighter economic future

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
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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
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