Lifeline for Vodacom-Maziv deal as it heads to Competition Appeal Court

THE Vodacom-Maziv deal got a breath of new life after the Competition Commission reached agreement with the parties on conditions that remedy competition and public interest concerns.

- PHILIPPA LARKIN

The matter will now proceed to the Competition Appeal Court on an unopposed basis and the Commission will inform the Court how the enhanced conditions address the concerns it previously raised with the proposed transaction.

Vodacom announced in 2021 that it would pay R6 billion in cash and in certain fibre assets valued at R4.2 billion for a 30% stake in Maziv (Business Venture Investments no 2213), the parent company of Dark Fibre Africa and Vumatel.

The Competition Tribunal last October had blocked the proposed merger.