South Africa’s Competition Commission Approves Cell C’s Acquisition of Comm Equipment Company
Architecture of downtown of Johannesburg, South Africa
South Africa’s Competition Commission has approved Cell C’s proposed acquisition of Comm Equipment Company (CEC). The Commission cleared the deal without conditions, stating that it is unlikely to substantially impact competition or raise public-interest concerns in any market.
Cell C, the primary acquiring firm, is widely distributed with no single controlling shareholder. CEC, a mobile virtual network aggregator wholly owned by The Prepaid Company (TPC), provisions airtime and data in South Africa. Blue Label Telecoms, TPC’s parent company, will acquire shares in Cell C as part of the deal, according to Techpoint Africa.
The approval follows Vodacom’s move to strengthen its portfolio through the acquisition of Maziv, the parent company of Vumatel and Dark Fibre Africa.
