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South Africa’s biggest fibre network operator has received approval to acquire 100% of the country’s third-largest FNO.
ICASA has given the final approval needed to greenlight Vodacom’s acquisition of a stake in Maziv, Vumatel’s parent company.
A ‘really pleasing’ first six months, with the Please Call Me matter in the past and hopeful finalisation of the Maziv deal in the near future – CEO Shameel Joosub.
Remgro executive Pieter Uys was the driving force behind the successful R11 billion deal, in which Vodacom will acquire a 30% stake in Maziv, which owns Vumatel and DFA.
Several upstart fibre network operators are challenging Vumatel for dominance in a previously untouched market segment.