Blue Label Telecoms closer to selling its stake in Utilities World
The deal has been approved by competition authorities
05 April 2024 - 14:45
Blue Label Telecoms will soon sell its stake in Utilities World, a company specialising in utilities vending, as part of a bundled acquisition by private equity firm Capitalworks Group, according to competition authorities.
On Friday, the Competition Commission recommended that the Competition Tribunal, which has the final say on market structure matters in SA, conditionally approve the proposed transaction whereby VCAP1 acquires Utilities World, Prepaid World, Softline Software, Winciki and Intelli-Meter as part of an “indivisible transaction”...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.