The Competition Tribunal has approved MTN’s acquisition of a majority 50% stake in Internet service provider Afrihost without attaching any conditions to the deal. The approval follows the recommendation last week
Browsing: Competition Commission
The Competition Commission has recommended the approval of MTN’s acquisition of a majority stake in Afrihost. It won’t impose any conditions on its support of the deal, it said on Wednesday. TechCentral reported in early June that the
Telkom and Business Connexion (BCX) are still awaiting approvals from four regulators before the telecommunications operator’s R2,7bn acquisition of the JSE-listed IT services company can be consummated. In a statement to shareholders on Tuesday, BCX said the parties are
Two of South Africa’s largest online retailers – and longstanding adversaries – have agreed to merge. Kalahari.com, owned by JSE-listed media and e-commerce group Naspers, will be folded into Takealot.com, the e-retailer that recently secured US$100m from investment firm
South Africa’s third mobile operator, Cell C, will oppose the proposed mobile network sharing deal between Telkom and MTN. “Cell C has been asked to comment on the proposed transaction by the
JSE-listed IT services firm Business Connexion (BCX) hopes its sale to Telkom is finalised by late November or early December, although the company has admitted it could be delayed if the transaction is challenged
On Digital Media (ODM), the owner of pay-television operator StarSat (formerly TopTV), is making a more aggressive play into sports, reserving an entire channel number range to sports channels and launching a new sports
Vodacom is going to face an uphill battle in its attempt to get regulatory approval for its R7bn acquisition of Neotel. Its competitors, who are already publicly questioning the legality of the deal, are likely to lobby for it to be scuppered or at the very least have strict conditions imposed on it. “It will be challenged
Telkom shares were trading up by more than 5% in lunchtime trading on the JSE on Thursday after issuing a positive earnings update. For the year ended 31 March 2014, Telkom said it expects basic earnings per share from continuing operations to be between R29,72
Last week was one of the most interesting in the history of telecommunications in South Africa. Telkom made its second bid in seven years for Business Connexion (BCX), while Vodacom and Neotel came to an agreement on a R7bn acquisition, which, if approved, will finally give the mobile operator a compelling offering in the enterprise