Once the tribunal’s full reasoning is available, the DTIC will assess and advise on the next steps in line with the Competition Act.
The Department of Trade, Industry and Competition is waiting for the Competition Tribunal to provide its reasons for prohibiting the proposed merger between Vodacom and Maziv in a R14 million deal.by the Competition Tribunal that it had prohibited the multibillion-rand transaction.
In a statement, minister Parks Tau says he has noted the order issued by the Competition Tribunal prohibiting the proposed merger. “The ministry participated in the merger proceedings on public interest grounds in line with merger provisions of the Competition Act, which led the merger parties committing substantial public interest conditions to significantly boost investments and growth of fibre and mobile connectivity in South Africa.
The department says Tau awaits the forthcoming publication of detailed reasons of the tribunal’s decision.
Maziv Merger Parks Tau Competition Tribunal Competition Commission Department Of Trade Industry And Competition DTIC Competition Act
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