On The Money - In Brief

Mergers, Acquisitions and Financial Results

- 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.