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General

Vodacom in talks with Neotel to revise acquisition terms

Monday 23 November 2015 | 09:43 CET | News
Vodacom said it started talks with South African operator Neotel about revising the structure of the proposed takeover of the operator. The operator also asked for a Competition Tribunal hearing on the deal to be postponed. The outcome of these discussions will directly impact the extent of the approval being sought from the Competition Tribunal and the scope of the hearing, the company said. The review was scheduled to start in Pretoria on 23 November, but has since been delayed. No reason was disclosed for the postponement. Vodacom was granted provisional approval by South Africa's

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