Telecom is gearing up to fight its next-biggest rival MTC as Telecom is ready to finalize its deal to takeover Leo, whose financial issues have become destructive to the telecom company. MTC has responded to the deal by arguing that Telecom’s push into the wireless mobile market will bring unfair competition because Telecom is not a mobile telecom company. MTC was the first mobile communications operator in the nation and has received a license to compete with Telecom once the deal is signed. The deal is, however, still subject to review by the Namibian Competition Commission; both companies are owned by the government through the Namibia Post and Telecom Holdings.
Full Content: AllAfrica
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
EU Watchdog Mandates Boardroom Accountability for AI in Banks
May 30, 2024 by
CPI
Senate Democrats Urge DOJ Investigation into Alleged Big Oil Collusion
May 30, 2024 by
CPI
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI