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Wireless

South Africa regulator approves Vodacom bid for Neotel

Wednesday 1 July 2015 | 10:09 CET | News
South Africa's Competition Commission has recommended to the Competition Tribunal that Vodacom's intended purchase of Neotel be approved on condition that the mobile company does not cut Neotel jobs and invests ZAR 10 billion in the company within five years. The ZAR 7 billion deal was approved by South Africa's communications regulator, Icasa, earlier in June. The commission said Vodacom shall not directly or indirectly use Neotel's spectrum for the purpose of offering wholesale or retail mobile services to any of its customers for a period of two years from the approval date or 31 December

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Categories: Mobile & Wireless
Companies: Cell C / ICASA / MTN / NeoTel / Vodacom
Countries: South Africa
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