MTN-Verizon SA deal gets green signal from Competition Tribunal
Africa’s biggest cell phone operator, MTN, says that it welcomes the decision made by the Competition Tribunal to unconditionally approve the merger between MTN and Verizon SA. The acquisition will bolster the scale and product offering of MTN’s existing South Africabased ISP, MTN Network Solutions. MTN is acquiring 69.38% stake in Verizon South Africa. The deal amount is yet undisclosed to help it better compete with rivals such as Dimension Data (DDTJ.J) in the corporate communications market.
