MERGERS & ACQUISITIONS
The Competition Tribunal on Friday gave a conditional go-ahead for mobile operators Cell C, MTN and Vodacom to buy out their respective subscriber bases, as South Africa’s last independent service provider Altech Autopage calls it a day. The Allied Electronics (Altron) subsidiary was the last remaining independent mobile cellular service provider for South Africa’s cellular networks since acquiring the now-shut Nashua Mobile’s 65 000 Cell C subscribers for R91.5-million in 2014.
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