Business Overview | Watchdog agrees to sensitive files in fiber optic partnership, Renergen wins investors

In a rather busy day of corporate news, MultiChoice rejected an acquisition offer from Canal+. Lenergen announced a new investor and Vodacom won a written tender following a recommendation from the Competition Commission not to proceed with a large-scale fiber-optic partnership.

Competition Tribunal issues orders against Frogfoot Networks and Vox Telecommunicationsprovides Vodacom and Business Venture Investments with access to allegedly confidential information provided to the Competition Commission in connection with the proposed merger, subject to a confidentiality regime. This means that only external legal representatives and independent economic experts can access the relevant documents and sign a non-disclosure agreement. The commission, which conducts investigations and makes recommendations, recommended to the court in August 2023 that the proposed merger should be prohibited. During its investigation into the merger, the Commission received submissions from various third parties, including Frogfoot and Vox. The proposed merger, which would bring together Maziv, one of SA's largest fiber infrastructure players, and Vodacom, its largest mobile operator, raises several concerns about vertical and horizontal competition. will occur.