Telkom and Vodacom deal setback

court papers!!! ICASA's one weakness... ohh cruel, wicked world... what misfortune has been delt by another so bold, that griefs not for thee, nor thy fools
 
Me thinks someones pockets in Cosatu weren't greeced enough
 
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What is the real gripe? Is it that the Elephant consortium (Mbeki's cronies and some COPE heavyweights) stand to make money and not the current leadership and their connections? Not that I agree with the way in which the Elephant consortium obtained their gravy....
 
Sackboy said:
The workers are in charge now, so this was to be expected.
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"There is public interest in the Vodafone/Telkom share transaction in that Telkom's 50% interest in Vodacom constitutes, in Cosatu's view, a public asset and that the SA government would no longer have an interest in SA's largest mobile operator."
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Yea, it is all about the workers... :rolleyes:
 
cookiemonster said:
When are you stupid baboons going to get a clue?! :mad:
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maybe its you that needs the cluebat

"Cosatu is seeking an order reviewing and setting aside Icasa's decision of April 16, 2009 to the effect that its approval was not required in respect of the Telkom/Vodafone share transaction," Vavi said.

"Cosatu is also seeking orders declaring that Vodacom, the seventh respondent in the proceedings, is obliged in law to obtain the prior written approval of Icasa for the transfer of shares pursuant to the Telkom/Vodafone transaction and that without such approval the transaction is void and/or that Icasa is entitled to cancel Vodacom's licence," he added.

According to Cosatu, the respondents in the application were required to give notice within 15 days of their intention to oppose and thereafter to file their answering affidavits within 30 days of giving such notice.

Vavi said Cosatu had, together with its legal advisors, considered Icasa's view that the authority's approval was not required for the transaction, and did not accept that such view was legally correct.
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my take is that Cosatu and its legal advisors are right but it is probably more accurate to say that the regulations pertaining to this are a complete mess - there are most certainly solid legal grounds for their application to succeed

one thing should be very very clear: the "new" ANC government does not want the deal to happen
 
Should cosatu's intervention at this late stage still be entertained?

If the 'new' ANC government see this as a bad thing it sure as hell is not good omens for the future of telecoms in sa.
 
Isn't it too late? u can't stop something like this a in such short notice?
 
iDDQDm0de said:
Oh shut up. He is 100% right in what he said.
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:D

you'll need the cluetrain then

care to back that up with any kind of argument that indicates you have even the slightest idea of what is going on?
 
Well I think this is a bad deal in anyway. This means that one of our most profitable companies is going to be UK owned. So all profits will make the UK stronger and not SA.
 
The real problem is ICASA are not and have not been doing what they are there for, this is because of DoC fiddling, so that they can sell tickets for the train - the Unions are IMHO sending a message that the party is over
 
While I see dominic's point of view, and yeah the regulations and legalities around this mean they might just succeed...

I wish the unions would get a clue and go away.... they have (or think they have) too much power in this country.
 
ToxicBunny said:
While I see dominic's point of view, and yeah the regulations and legalities around this mean they might just succeed...

I wish the unions would get a clue and go away.... they have (or think they have) too much power in this country.
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i offer no comment on whether the deal is a good thing or a bad thing for consumers - or rather let me say that it clearly is a good thing

but take note that Cosatu launching this at this time means (to me, anyway) that the government does not want the deal to happen and this must be causing severe palpitations for all those Vodafolk celebrating their liberation. it throws a huge spanner into the works of may major projects already launched in anticipation of the deal.

i cannot see the government suing ICASA so i would guess that Cosatu is acting as its proxy in trying to stop the deal. it gives a fairly clear indication of a jump to the left - the deal represents privatisation and, while most people on this forum would state the obvious that this is the right thing to do, privatisation is a major league swear word in other circles

it also means there is a very good chance that ICASA, the independent regulator (sic), is very likely to get steamrollered

there is politics at play - we all have to listen with both ears
 
ic said:
Now I'm wondering if Paris Mashile knew ahead of time that !CASA's refusal to announce a yay or nay decision, and instead announce that its permission was not required, would result in a legal challenge from within the tri-apartheid alliance, and that he was told by the incoming regime to follow this strategy and allow for an imminent torpedoing of the deal.
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there is nothing in that - the decision was taken in good faith on the information i have and the regulator welcomed the transaction. as with most telecoms cases there is something for both sides and ICASA can show justification for their decision to accept notification as being technically correct (although it in no way reflects reality)
 
According to Cosatu they are, inter alia acting in the interest of the public which is, when one looks at the views expressed here, not true. dominic is there any way to challenge them on this front?
 
Since there is no interdict asked for and no urgency claimed does this mean that the deal can go ahead until everybody is faced with a fait accompli?
 
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