Remgro-controlled CIVH, which ultimately owns Vumatel and Dark Fibre Africa, through Maziv, has swung to a loss.
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Blocking Vodacom’s acquisition of a stake in Maziv would be hugely negative for the telecoms sector, experts have warned.
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.