The Competition Tribunal (“Tribunal”) has conditionally approved the merger in which Vumatel (Pty) Ltd (“Vumatel”) will acquire control of Hero Telecoms (Pty) Ltd (“Herotel”).

The Tribunal has approved the transaction subject to conditions which address competition and public interest-related concerns. The conditions can be accessed here: https://tinyurl.com/mrxvdp94

Vumatel, already a shareholder in Herotel, is South Africa’s largest wholesale fibre-to-the-home (“FTTH”) provider. It is wholly owned by Community Investment Ventures Holding (“CIVH”) which also controls several firms including Dark Fibre Africa. CIVH is majority-owned by the JSE-listed investment group, Remgro Ltd.

Herotel operates across multiple layers of the telecommunications market, including national fibre infrastructure, last-mile fibre infrastructure, retail internet access services and fixed wireless access.