On The Money - In Brief

Mergers, Acquisitions and Financial Results

- MTN's R1.4bn bid to acquire the African operations of Verizon became easier when a fierce opponent of the deal belatedly gave up its hard-won right to participate in Competition Tribunal hearings. The hearings were expected to drag on for five days,the tribunal said. Altech withdraw its intervention saying that MTN "has given a number of general undertakings in respect of the way in which it proposes to conduct the Verizon business”.