Vodacom - update on acquisition of Masiv
Shareholders were referred to the announcement on SENS on 10 November 2021 (the "terms announcement") and further updates on 15 May 2023, 8 August 2023, 28 November 2023, 29 October 2024, 26 November 2024, 29 November 2024, 9 December 2024, 15 January 2025, 31 January 2025, 14 February 2025, 14 March 2025, 30 April 2025, 23 May 2025, 13 June, and 4 July 2025. These announcements set out details of Vodacom (Pty) Ltd.'s ("Vodacom") proposed acquisition of a 30% interest in Maziv (Pty) Ltd. ("Maziv"), the entity that will house all of the fibre assets owned by Community Investment Ventures Holdings (Pty) Ltd. ("CIVH"), including Vumatel (Pty) Ltd. and Dark Fibre Africa (Pty) Ltd. (the "Transaction").
Shareholders were advised that the Competition Commission, CIVH and Vodacom have reached agreement on an expanded set of transaction conditions that would remedy the Competition Commission's concerns and allow the Competition Commission to withdraw their opposition to the Transaction. As far as the Competition Commission is concerned, the matter will now proceed to the Competition Appeals Court on an unopposed basis.
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