Vodacom/Maziv deal gets thumbs up
South Africa’s Competition Appeal Court has green-lit Vodacom Group’s proposed acquisition of a 30% stake in Maziv.
Maziv houses all Community Investment Ventures Holdings' (CIVH's) fibre assets, including Vumatel and Dark Fibre Africa.
The Competition Appeal Court heard the matter on July 22, following the tabling of a set of revised conditions, proposed by the merger parties and the Competition Commission.
Vodacom and Maziv will now prioritise finalisation of the only remaining regulatory requirement, which is unconditional approval from the Independent Communications Authority of South Africa, which had conditionally approved the transaction in November 2022.
“This approval marks a significant milestone in Vodacom’s strategic efforts to expand its fibre footprint and enhance digital connectivity across South Africa,” said Vodacom Group CEO Shameel Joosub, who added that the acquisition will enable Vodacom to accelerate the deployment of high-speed broadband services, bridging the digital divide and supporting inclusive growth in underserved communities.
“We are delighted with the Appeal Court’s decision, which paves the way for us to bring the benefits of enhanced fibre infrastructure to more South Africans. This acquisition is a cornerstone of our strategy to improve connectivity, drive digital inclusion, and support South Africa’s digital economy.”
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