Vodacom to own co-controlling share in Vumatel and DFA

Jan

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Vodacom acquiring co-controlling share in Vumatel and DFA for R10.2 biillion

Vodacom has agreed on terms to acquire a 30% co-controlling stake in Vumatel and Dark Fibre Africa for a total transaction value of R10.2 billion.

"Subject to regulatory approvals, Vodacom Group will hold a co-controlling 30% equity interest in a newly formed InfraCo entity into which all of the material assets currently owned by Dark Fibre Africa (DFA) and Vumatel will be transferred in addition to certain Vodacom owned fibre assets," the company announced.
 
Subject to regulatory approval = "Do you have anything to smooth out the regulatory approval". This will get approved.
 
Vodacom acquiring co-controlling share in Vumatel and DFA for R10.2 biillion

Vodacom has agreed on terms to acquire a 30% co-controlling stake in Vumatel and Dark Fibre Africa for a total transaction value of R10.2 billion.

"Subject to regulatory approvals, Vodacom Group will hold a co-controlling 30% equity interest in a newly formed InfraCo entity into which all of the material assets currently owned by Dark Fibre Africa (DFA) and Vumatel will be transferred in addition to certain Vodacom owned fibre assets," the company announced.
 
That is a bad idea for compition let alone the industry as a whole. Vodacom and customer care don't exist. Not to mention price. Won't be long and then we going to pay lots of money for fibre just so that they can make money. We the people need to say no to this as compition will be eroded and it will drive up the prices.
 
So this explains why Vumatel has been increasing its prices so much over the last 2 years.

Maybe to make the numbers look better, so they get a better price from Vodacom?
 
Hope this doesn't get approved, horrible for competition in general but most importantly don't want Vodascum involved trying to push higher prices and screw the customer attitude.
 
Well that sucks!!!

I only have Vumetel as my fiber monopoly.
 
New powerhouse (monopoly?) in the making.
What Broadband Infraco inspired to be, many moons ago.
 
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