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South Africa regulator approves Vodacom bid for Neotel
2015-07-01 10:09:00| Telecompaper Headlines
(Telecompaper) South Africa's Competition Commission has recommended to the Competition Tribunal that Vodacom's intended purchase of Neotel be approved on condition that the mobile company does not cut Neotel jobs and invests ZAR 10 billion in the company within five years. The ZAR 7 billion deal was approved by South Africa's communications regulator, Icasa, earlier in June. The commission said Vodacom shall not directly or indirectly use Neotel's spectrum for the purpose of offering wholesale or retail mobile services to any of its customers for a period of two years from the approval date or 31 December 2017, whichever is earlier. The Commission found that the proposed transaction is likely to substantially lessen or prevent competition in the mobile services market. Vodacom is the market leader in mobile services markets and the additional spectrum from Neotel will result in spectrum concentration effects that will likely consolidate Vodacom's dominant position. According to the competition commission, the acquisition will confer first mover advantages to Vodacom in network speed, capacity and mobile offerings. Vodacom will not be constrained by other competitors as they are unlikely to match its offering. These factors, the commission said, taken together will likely lead to reduced choice and higher prices to end customers in the absence of effective constraints on Vodacom. The acquisition will now go before the competition tribunal for a final decision. Competitors including MTN, Africa's biggest wireless operator, and Cell C have previously said they oppose the purchase because they say Vodacom would become too dominant.
Tags: south
africa
south africa
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If Syngenta deal fizzles, here's what a Monsanto bid for Bayer might look like
2015-07-01 03:51:35| Biotech - Topix.net
Monsanto Co. is committed to making a deal for the Swiss Syngenta AG for now, but not forever.
Construction Week: Houston Sited for Spaceport; Boston Revises Olympic Bid
2015-07-01 02:19:20| ENR.com: Headline News
Houston airport selected by FAA for spaceport; Boston 2024 unveils revised plan to host Olympics.
Tags: week
construction
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boston
Oil companies played hardball in bid to defeat climate outsiders
2015-06-29 07:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Petty legal filings. Diversionary ballot measures. Counting abstentions as no votes. These are just some of the tactics U.S. oil companies used this spring to quash efforts by investors to win the right to nominate climate experts for board seats. Led by New York City Comptroller Scott Stringer and proposed at 75 U.S. companies in various industries this year, the so-called proxy access measure would give investor groups who own 3 percent of a company for more than three years the right to nominate...
Tags: companies
oil
played
bid
FedEx requests TNT bid approval from EU regulators
2015-06-28 05:51:00| Air Courier - Topix.net
Our eNewspaper network was founded in 2002 to provide stand-alone digital news sites tailored for the most searched-for locations for news. With a traditional newspaper format, more than 100 sites were established each with a newspaper-type name to cover the highest-ranked regions, countries, cities and states.
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