Vodacom, Remgro Head Toward $743 Million Fiber-Deal Approval

South Africa’s anti-trust watchdog will not oppose the 13.2 billion rand ($743 million) fiber transaction between Vodacom Group Ltd. and Remgro Ltd. at the Competition Appeal Court, increasing chances that the deal will go ahead.

The Competition Commission reached a deal with Vodacom and Maziv — a wholly owned unit of Remgro’s Community Investment Ventures Holdings Ltd. — on revised conditions that substantially address the anti-trust concerns raised when when it initially opposed the transaction, the regulator said in an emailed statement on Tuesday.

Vodacom’s proposed acquisition of 30% of Maziv was blocked by the anti-trust tribunal in October. ...