A PYMNTS Company

South Africa: Competition Commission eyes Vodacom-Neotel deal

By  |  June 17, 2015

As Vodacom on Wednesday awaited details of conditions of the Independent Communications Authority of South Africa’s approval of its R7b bid for Neotel, eyes turned to the country’s competition authority, which is also scrutinising the deal.

The transaction, proposed more than a year ago, would allow Vodacom to provide fixed line services to homes and businesses, making the company a strong competitor to Telkom or provide, in the worlds of Vodacom chief executive Shameel Joosub, “a worthwhile alternative to Telkom”. Telkom chief executive Sipho Maseko was reported as saying last week that the deal would make for formidable competition in the market.

Full content: Business Day

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.