Cell C Demands Answers on Vodacom-Neotel Deal

Cell C wants to know why Vodacom’s R7bn bid for Neotel was approved by ICASA
 

Cell C wants to know why Vodacom’s R7bn bid for Neotel was approved by the Independent Communications Authority of South Africa (ICASA), and the company is even threatening legal action to try to stop the buyout.

Earlier this month, ICASA approved the Vodacom-Neotel deal on two conditions that reportedly included that the takeover be subject to compliance with local ownership law and adherence to terms regarding the roll-out of broadband infrastructure and services.

Cell C says it is concerned that four days since the apparent approval of the Vodacom-Neotel transaction, ICASA has not published its decision nor explained the reasons for this decision.

To read the article titled, “Cell C wants answers on Vodacom-Neotel deal,” click here.
 

Source: 
Finance24

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