Vodafone-Vodacom merger awaits CT’s final approval (South Africa)
The propose merger between Uk Mobile telephony group Vodafone and its 50%-owned South African subsidiary Vodacom has been recommended by South Africa’s Competition Commission for approval. As per the terms of the transaction Vodafone will acquire an additional 15% stake in Vodacom from its partner in the venture, Telkom South Africa. ‘The vertical integration between the parties is unlikely to result in any substantial prevention or lessening of competition,’ the commission said. Now the deal will go before to the Competition Tribunal (CT) for final approval.
