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Wireless

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

Wednesday 22 September 2021 | 09:15 CET | News
Update: 22 September 2021 | 09:12 CET
The Common Market for Eastern and Southern Africa (Comesa) Competition Commission (CCC) has fined Malawi Towers and two other firms USD 102,000 for failure to notify it of their proposed acquisition in time, The Nation reported. The other two firms are Helios Towers and Madagascar Towers. CCC chairperson Brian Lingela and commissioner Ellen Ruparanganda said the parties failed to inform it of Helios Towers' intent to acquire shares in Malawi Towers and Madagascar Towers.

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[22/09/2021 09:12- Update: Amends amount of fine reported by The Nation to USD 102,000]


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