MERGERS, ACQUISITIONS AND FINANCIAL RESULTS

On The Money - In Brief

- The Vodacom group and UK-based Vodafone have been given the Competition Tribunal green light to continue with the merger, whereby Vodafone acquires a further 15% in the South African mobile operator for R22,5-billion. Vodafone would buy the stake from incumbent fixed-line operator Telkom. The remaining 35% of Telkom’s shares in Vodacom would be unbundled to its shareholders, who were members of the public.

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