Consolidation is unavoidable, say telecom firms after ruling
The Competition Commission’s hard line against a deal between Vodacom and Remgro’s CIVH has other players, like MTN, scratching their heads
31 August 2023 - 05:00
Almost a year after talks to buy Telkom for an estimated R30bn fell through, MTN still believes consolidation in the South African telecom sector is inevitable. “From our perspective [it] remains absolutely necessary,” said CEO Ralph Mupita on the release of the group’s interim results.
Which is why he, like his peers at Vodacom and CIVH, was taken aback by the Competition Commission’s determination to quash a merger between the last-mentioned two. ..
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.