Competition Tribunal blocks Vodacom-Maziv deal

[Jan]

Vodacom's R13-billion Vumatel deal blocked

The Competition Commission has blocked Vodacom's proposed acquisition of a 30% to 40% stake in Vumatel and DFA's parent company, Community Investment Ventures Holdings (CIVH).

The deal between Vodacom and CIVH would see the companies pool their fibre networks, with Vodacom owning a 30% to 40% stake in the combined entity.

 

[system32]

Good.
We don't need another 1990's Telkom.

 

[The_MAC]

I doubt this acquisition will be in the best interest of the consumer..

 

[oros]

Serves Vodacom right

 

[Happy Days]

What did they expect after naming the new company "Maziv"?

 

[Bad Ballie]

Doubt the commission has ever made a decent finding in its entire existence ever, the State hold major monopolies in multiple areas all of which the commission obviously can't see,.... bunch of commies.