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SA's biggest mobile operator Vodacom is confident its R10 billion tie-up with Remgro's fibre business CIVH is set to have positive effects for the country as a whole, and doesn't view it as a major industry consolidation that should significantly concern competition regulators.
Speaking to News24 Business, Vodacom CEO Shameel Joosub said while the mobile operator's deep pockets would help with rolling out infrastructure, it would still need sellers at the last mile, and other networks would also have access to it.
"Mobile operators have very little strength in fibre, and effectively you want to use the strength of the balance sheet to grow the fibre footprint in the country," said Joosub. Joosub added that he does not see Vodacom's investment in CIVH as consolidation, saying the firm is "investing in an area where we are small".
