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General

Icasa approves Vodacom takeover of Neotel

Tuesday 16 June 2015 | 08:52 CET | News
The Independent Communications Authority of South Africa has conditionally approved Vodacom's ZAR 7 billion purchase of Neotel. The approval comes a year after Vodacom and Neotel first announced the deal and opens the way for Vodacom's expansion in the local fixed market. Neotel is controlled by Tata Communications and holds a number of key spectrum licences and fibre assets in South Africa. Icasa's approval is subject to conditions; the regulator will announce these later, on 17 June. The takeover is also still subject to approval from the competition regulators. 

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Categories: General
Companies: ICASA / NeoTel / Vodacom
Countries: South Africa
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