Zambia’s Competition and Consumer Protection Commission approves fibre optic joint venture
Zambia’s Competition and Consumer Protection Commission (CCPC) has issued an unconditional final authorisation for the creation of a joint venture between Copperbelt Energy Corporation (CEC) and Liquid Telecommunications Holdings Limited of Mauritius. According to the Zambia Times, under the terms of the approval, a new company – CEC Liquid Telecommunications – will be created, with the joint venture expected to be a 50/50 split between the two partner companies. Both CEC and Liquid are expected to invest a combined USD30 million in the venture.
Despite CEC already being operational in the fibre-optic sector, and holding a market share of around 40%, the CCPC said that it did not envisage the deal raising any competition concerns, with the watchdog’s director of consumer and public relations Brian Lingela noting: ‘The board held that no market player was likely to be removed from the market as a result of the joint venture, as Liquid Telecoms had no known presence in Zambia.’