ICASA Admits Vodacom Mistake
The Independent Communications Authority of South Africa (ICASA) will hold a full postmortem after the regulator admitted in Parliament it made a mistake in trying to block Vodacom’s R80 billion listing.
ICASA chairperson, Paris Mashile, is distancing himself from a U-turn that saw a handful of councillors decide belatedly that their approval was necessary for Telkom to sell 15 percent of Vodacom to the United Kingdom’s Vodafone for R20.95 billion and list its other 35 percent.
Since the authority had flouted its own procedures, its councillors might be liable for the legal fees incurred as Telkom, Vodacom and Vodafone fielded advocates for the emergency Sunday court case.
To read the article titled, “ICASA to hold postmortem on ill-fated Vodacom mistake,” click here.
ICASA chairperson, Paris Mashile, is distancing himself from a U-turn that saw a handful of councillors decide belatedly that their approval was necessary for Telkom to sell 15 percent of Vodacom to the United Kingdom’s Vodafone for R20.95 billion and list its other 35 percent.
Since the authority had flouted its own procedures, its councillors might be liable for the legal fees incurred as Telkom, Vodacom and Vodafone fielded advocates for the emergency Sunday court case.
To read the article titled, “ICASA to hold postmortem on ill-fated Vodacom mistake,” click here.
Source:
<br /> Business Day
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