Maziv chairman Pieter Uys has sharply criticised the Competition Tribunal’s decision to block Vodacom’s acquisition of a co-controlling stake in the company.
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Regulatory roadblocks preventing Vodacom from buying into Maziv have led to a decline in fibre investment, Remgro’s CEO said.
Blocking Vodacom’s acquisition of a stake in Maziv would be hugely negative for the telecoms sector, experts have warned.
Among other transactions, Remgro is fighting to get approval for a multibillion-rand fibre deal with Vodacom.
Frogfoot, Vox ordered to hand over documents related to a probe into the fibre transaction involving Vumatel parent Maziv.
TechCentral’s Newsmakers of the Year are CIVH chairman Pieter Uys and Maziv and Vumatel CEO Dietlof Mare.
Vumatel is making significant progress with its fibre broadband trial in Alexandra in Johannesburg ahead of a wider roll-out.
CIVH, Remgro and Vodacom are prepared to make more concessions to get their Maziv deal over the line.
Seacom has appointed Alpheus Mangale, a former head of IT at Standard Bank, as its new CEO, replacing Oliver Fortuin in the role.
Seacom said on Thursday that its CEO, Oliver Fortuin, is stepping down after two years in the role.