South African Tech News
2015 saw many big developments in the South African technology and telecoms market, especially in the mergers and acquisitions arena.
Vodacom suddenly announced that it is revisiting its Neotel deal after nearly two years of work to make the deal happen.
Telkom announced that it was interested in buying Cell C – but soon after the company started its due diligence process, it pulled out of the deal.
MTN made headlines after it was fined over R70 billion in Nigeria for not abiding by the country’s SIM card registration regulations.
The South African government continued to make headlines for all the wrong reasons, including missing the global digital TV migration deadline.
Here are some of the biggest tech and telecommunications stories in 2015.
MTN gets a 1.04-trillion naira (around R75 billion) fine in Nigeria
The Nigerian Communication Commission (NCC) (R75 billion) for failing to disconnect 5.1 million unregistered subscribers. The company’s because of the fine, and MTN’s poor handling of the debacle. as a result.
Neotel faces allegations of bribery
Neotel’s auditors Deloitte blew the whistle on R100 million in questionable payments to a company called Homix. These payments were allegedly linked to a bid to clinch R2-billion worth of deals from Transnet. Further also surfaced. during the investigation.
Telkom buys BCX
In August 2015, which is now officially a subsidiary of the landline operator.
Telkom wanted to buy Cell C, but quickly decided not to
Telkom officially confirmed it was in talks to acquire Cell C on 9 November. Less than two weeks afterwards, it, citing a difference on how much the company is worth.
ShowMax launches a video-on-demand service in South Africa
On 19 August 2015 the Naspers-backed in South Africa, with its premium offering priced at R99 per month. access to over 11, 000 hours of TV shows – made up of over 750 titles, 850 seasons, and 19, 000 episodes.
Vodacom unexpectedly announced that its proposed acquisition of Neotel has been put on hold to “explore a revised transaction structure”
Vodacom unexpectedly announced that it was relooking its planned acquisition of Neotel, in what it called “exploring a revised transaction structure”. Competition Tribunal hearings over the Vodacom-Neotel merger were scheduled to start on 23 November. However, these were postponed indefinitely while a new deal was drawn up.