0
Wireless

COMESA approves merger of Helios, Malawi Towers and Madagascar Towers

Friday 1 October 2021 | 10:20 CET | News
The Common Market for Eastern and Southern Africa (Comesa) Competition Commission (CCC) has approved the proposed acquisition by Helios Towers of the shares in Madagascar Towers and Malawi Towers. In a statement, COMESA said its Committee Responsible for Initial Determination (CID) found that the transaction was unlikely to harm the relevant markets or result in reduced welfare for consumers in Madagascar, Malawi and COMESA at large. It confirmed that the parties had paid a fine of USD 102,000 imposed by the CID for failure to notify it of the proposed acquisition in time. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Airtel Africa / Airtel Madagascar / Airtel Malawi / Helios Towers
Countries: Madagascar / Malawi
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Airtel Africa announces first closing of Tanzanian tower assets sale

Published 05 Jan 2022 09:39 CET | Tanzania, United Republic of
Airtel Africa has announced the first closing of the transaction to sell its telecommunications tower assets in Tanzania to a ...

Helios Towers aims to cut carbon intensity per tenant by 46% by 2030

Published 25 Nov 2021 14:03 CET | Africa
Helios Towers announced that it has set a target to reduce its carbon intensity per tenant by 46 percent by 2030. The target ...

Airtel completes sales of Madagascar towers to Helios Towers

Published 03 Nov 2021 16:26 CET | Madagascar
Airtel Africa said it has completed the sale of its telecom tower company in Madagascar to Helios Towers for USD 51.7 million. ...

Helios Towers revenue rises 5% in Q3, adds 162 sites

Published 29 Oct 2021 10:20 CET | Africa
Helios Towers said its revenue increased by 5 percent to USD 114.4 million in the third quarter ended 30 September compared with ...

Airtel Malawi goes to court over KhetheKhethe scheme fine

Published 01 Oct 2021 15:43 CET | Malawi
Airtel Malawi said it does not agree with a decision by the Competition and Fair Trading Commission (CFTC) to fine it MWK 2.1 ...

COMESA fines Helios, Malawi Towers and Madagascar Towers for merger notification delay

Published 22 Sep 2021 09:15 CET | Africa | Update: 22 Sep 2021 09:12 CET
The Common Market for Eastern and Southern Africa (Comesa) Competition Commission (CCC) has fined Malawi Towers and two other ...

Comesa formally drops Comtel project

Published 23 Jun 2021 10:15 CET | Africa
The Common Market for Eastern and Southern Africa (Comesa) has dropped a project begun over 20 years ago to create a ...

Airtel sells towers in Madagascar, Malawi, Chad and Gabon to Helios

Published 23 Mar 2021 10:33 CET | Africa
Helios Towers has signed agreements with Airtel Africa to acquire its passive infrastructure operating companies in Madagascar ...

Comesa watchdog approves Telkom and Airtel merger

Published 18 Oct 2019 08:34 CET | Kenya
The Common Market for Eastern and Southern Africa (Comesa) Competition Commission has approved the merger of Telkom Kenya and ...

COMESA agrees deal to abolish phone roaming charges

Published 09 Oct 2017 10:36 CET | Africa
Members of the Common Market for Eastern and Southern Africa (Comesa) have agreed to abolish telephone roaming charges in the ...

COMESA approves Telkom, BCX deal

Published 17 Mar 2015 09:42 CET | South Africa
South Africa's fixed line operator Telkom's proposed purchase of Business Connexion (BCX) has been approved by the Common Market ...





Calendar   /   Industry Events

25 Jan Ericsson Q4 2021
25 Jan Verizon Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan Uniti Group Q4
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Crown Castle Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan MTN Nigeria Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Elisa Q4 2021
27 Jan Comcast Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
28 Jan Charter Communications Q4
::: More Calendar Items