Blocking Vodacom’s acquisition of a stake in Maziv would be hugely negative for the telecoms sector, experts have warned.
Browsing: Remgro
Competition Tribunal hearings into the proposed merger between Vodacom and Maziv kicked off in Pretoria on Monday.
CIVH, the parent of Vumatel and Dark Fibre Africa, has reported a 97% plunge in headline earnings.
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.
CIVH, the company whose investments include Vumatel and DFA, has reported a big jump in headline earnings.
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.
The Competition Commission has recommended that Vodacom’s acquisition of a stake in fibre operator Maziv be blocked.
Vuma Key is “probably the most exciting thing” Vumatel is doing, a top executive at parent company Maziv has said.