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Wireless

Vodacom says Neotel takeover unaffected by court ruling

Tuesday 1 March 2016 | 08:59 CET | News
Vodacom South Africa said a court ruling against the Independent Communications Authority of SA will have "no material bearing" on its plans to buy Neotel. The North Gauteng High Court in Pretoria ruled that a decision by Icasa to approve the transfer of control of licences from Neotel to Vodacom should be set aside in its entirety and with costs. However, Vodacom's executive head of media relations, Byron Kennedy, points out that the proposed modified transaction announced in December 2015 excluded Neotel's spectrum and licences, so the 26 February judgment has no bearing on the deal. The

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