Confusion over the difference between ownership and control has muddied the waters at Icasa hearings.
regulator Icasa for the transfer of control its network and spectrum licenses to The Prepaid Company does not represent a “stripping of assets” by Blue Label Telecoms as some stakeholders, including Cell C ’s empowerment shareholder CellSAf, have claimed.
The application to Icasa by Cell C was triggered by TPC’s move to increase its stake in the mobile operator from 49.53% go 53.57%, meaning TPC will have control of Cell C. The confusion regarding the difference between ownership and control of communications licences has raised interesting questions, with the most pertinent being why Icasa wants to keep an eye on who controls spectrum licences, regardless of who owns them. The answer has a lot to do with preventing anticompetitive behaviour through spectrum monopolisation.The situation is best clarified by example. Prior to 2009, Telkom owned a 50% stake in Vodacom.
Cell C Blue Label Icasa Stripping
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