CA demands answers on 'surprise' Mascom deal

Friday, March 15, 2019

The pension fund wants a piece of the action

The Competition Authority (CA) is asking Mascom hard questions after the regulator was apparently caught by surprise as MTN announced a US$300 million (P3.2bn) deal to sell its stake in the mobile giant.

The South African group has said it expects its planned transaction with Econet Wireless to be completed in three months time, pending regulatory approvals.

BusinessWeek is however authoritatively informed that the CA has written a letter to Mascom and to MTN demanding answers on the planned transaction. The Botswana Communications Regulatory Authority, meanwhile, is examining Sections 42 and 43 of its Act, which require licence holders to notify the regulator in writing of any change in ownership.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Aflame: Part of Kgale SuperSpar was damaged during the January blaze PIC: FACEBOOK

Kgale Spar reopens after blaze

Staff Writer | 5 h ago

Sebego stands for BFA presidency

Larona Makhaiza | 6 h ago

Motion of no confidence ejects netball exco

Correspondent | 1d ago

Gaborone giants face diamond sides in FA Cup quarterfinals

Kabelo Boranabi | 1d ago

Morapedi heaps praise on Gaolaolwe

Larona Makhaiza | 1d ago

Den makes winning return for Kopong200

Kabelo Boranabi | 1d ago

No two ways; marathons must be regulated

Mqondisi Dube | 1d ago

Sweet revenge as Nawa clinches J30 Singles title

Calistus Kolantsho | 1d ago

Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

The Monitor Editor | 15 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More