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Tuesday, January 21, 2025
HomeTechnologyICASA approves Vodacom’s acquisition of Darkish Fibre Africa’s working licenses

ICASA approves Vodacom’s acquisition of Darkish Fibre Africa’s working licenses

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South Africa’s telco regulator, the Independent Communications Authority of South Africa (ICASA) introduced that it has permitted fibre community operator Dark Fibre Africa’s switch of its working licenses to Vodacom.

In November 2021, Vodacom announced that it will shell out R6 billion ($337.5 million) in money, and fibre property valued at R4 billion for a 30% stake in MAZIV, a newly fashioned holding firm which encompasses Darkish Fibre Africa’s (DFA) fibre property.

DFA is South Africa’s second largest fibre community operator (FNO), after Telkom-owned Openserve.  Management of its property will give a major enhance in South Africa telco’s fibre battle to Vodacom,  the nation’s greatest cell community operator by subscriber base.

ICASA said that it solely gave its approval after bearing in mind plenty of components of the appliance, together with its impression on competitors within the nation’s ICT sector, whether or not the deal could be in the most effective curiosity of shoppers, and whether or not it will have fairness possession provisions for traditionally deprived individuals.

“The Authority has permitted the proposed transaction after cautious consideration. We view the transaction as unlikely to negatively impression the market whereas making the Transferee an efficient participant available in the market. Moreover, the Authority views the proposed transaction to be in the most effective curiosity of the general public,” said Councillor Luthando Mkumatela, Chairperson of the accountable Council Committee.

With MTN’s acquisition of Telkom having fallen via, the DFA licenses will possible give Vodacom a major headstart within the battle for fibre dominance, which is important for 5G rollout

A powerful fibre community will be sure that Vodacom will have the ability to assist its personal push for 5G, in addition to lease out its community to different operators for his or her 5G providers.

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