02 August 2024
The Competition Tribunal has given its approval for TowerCo’s proposed acquisition of Swiftnet, subject to certain conditions.
The commission assessed the potential impact of the transaction and concluded that it is unlikely to substantially lessen or prevent competition in any market. To address public interest concerns, the merger parties have committed to procurement practices that support small and medium enterprises (SMEs) and firms owned by historically disadvantaged persons (HDPs) for five years following the merger’s implementation.
This approval with conditions ensures that the transaction supports broader economic inclusion and sustains competition in the telecommunications infrastructure sector, ultimately benefiting the South African market.
