Vodacom is in talks with Neotel and its shareholders about a “revised transaction structure”, the mobile group said in a statement to shareholders on Monday. But it has not explained what prompted it to re-look at the R7bn deal. The decision has forced
Browsing: competition tribunal
The Competition Tribunal at the weekend agreed to postpone a hearing into the proposed R7bn acquisition of Neotel by Vodacom. This comes after Vodacom and Neotel brought an application for a postponement of the hearing that was scheduled to start on Monday
Vodacom’s latest numbers must be deeply worrying for its principal rival, MTN. While the latter is facing immense turmoil – a R75bn fine in Nigeria, the departure of its long-serving group CEO and
Telkom’s possible acquisition of Cell C would result in a stronger competitor to Vodacom and MTN, according to Boyd Chislett, the MD of the soon-to-be-closed cellular service provider Altech Autopage. Telkom on Monday issued a market update
Vodacom’s proposed R7bn acquisition of Neotel is facing yet more headwinds, even before the case gets heard by the Competition Tribunal in late November. TechCentral has learnt that
The Competition Tribunal heard on Wednesday that pay-television operator MultiChoice took control of valuable assets of the SABC and influenced a key SABC policy materially, through an agreement that only became public after somebody leaked it. Steven Budlender SC
Changes to South Africa’s competition law have widened the scope for the country’s antitrust bodies to punish anticompetitive behaviour. But implementing the changes, which were passed into law five years ago, is proving to be fraught with difficulty. The Competition Amendment Act
The South African economy may be teetering on the brink of a recession, but that isn’t keeping the country’s telecommunications operators from ramping up their capital spending. Telkom, Vodacom, MTN and Cell C, along with a host of smaller players, are all gearing up to make
The deal between Telkom and MTN would have been good for competition in South Africa’s mobile market. That’s the view of MTN South Africa, which on Tuesday reacted to the news that Telkom had decided to walk away
Telkom’s share price sank by 6,4% on Monday after the company announced it would no longer pursue a deal with rival MTN. This came after the Competition Commission said it would not support the transaction. As investors fretted about the impact