Tribunal approves Dark Fibre Africa / MCT Telecommunications merger
The Competition Tribunal has approved the large merger between Dark Fibre Africa (DFA) and MCT Telecommunications (MCT) without conditions.
MCT provides installation management, telecommunications consulting and managed services which are integrally linked to the operation support systems of its customers. DFA's activities include financing and constructing infrastructure for the transmission of metropolitan and long haul telecommunications traffic. Both entities are wholly owned and controlled by Community Investment Ventures Holdings (CIVH). The merger which entailed the transfer of the complete shareholding of MCT to DFA, amounts to an internal re-structuring aimed at simplifying the overall structure of CIVH. The proposed transaction raised no horizontal or vertical competition concerns. Furthermore, the merger will not result in any changes in ultimate control as both parties will remain, as they were pre-merger, under the control of CIVH.