Vodacom just scored a major win against government regulators who tried to block their business deal. The Competition Commission changed its mind about fighting the telecom giant's plan to buy part of Maziv. This company controls important internet cables that connect homes and offices across South Africa. The deal lets Vodacom grab a 30 percent stake in the fiber network business. Competition officials will ask the appeals court to approve the transaction on July 22nd.
The phone company made extra promises to calm down worried regulators. These new conditions convinced the Competition Commission to drop their opposition to the purchase. Officials had previously banned the deal back in October 2024 through the Competition Tribunal. Vodacom worked with CIVH to offer more concessions that address government concerns. The fiber assets under discussion control major networks like Vumatel and Dark Fibre Africa.
Company chief Shameel Joosub expressed excitement about the regulatory breakthrough. He believes the purchase will help connect more people to faster internet services. The CEO thinks the deal will bring better prices for customers who struggle with expensive phone bills. Vodacom plans to expand their network reach into poor communities that lack proper internet access. The transaction could also create thousands of new jobs across the country.
The phone company made extra promises to calm down worried regulators. These new conditions convinced the Competition Commission to drop their opposition to the purchase. Officials had previously banned the deal back in October 2024 through the Competition Tribunal. Vodacom worked with CIVH to offer more concessions that address government concerns. The fiber assets under discussion control major networks like Vumatel and Dark Fibre Africa.
Company chief Shameel Joosub expressed excitement about the regulatory breakthrough. He believes the purchase will help connect more people to faster internet services. The CEO thinks the deal will bring better prices for customers who struggle with expensive phone bills. Vodacom plans to expand their network reach into poor communities that lack proper internet access. The transaction could also create thousands of new jobs across the country.
