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South Africa court rules in favour of Vodacom, Remgro fibre deal | SA News

South Africa’s Competition Appeal Court approved Vodacom Group’s R13.2 billion ($752 million) deal to acquire the fibre assets of Remgro.

Vodacom had proposed buying 30% of Maziv — a wholly owned unit of Remgro’s Community Investment Ventures Holdings — with an option to increase the stake to 40%. Maziv’s key operating companies are Dark Fibre Africa and Vumatel, which build and own fibre-optic networks.

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