Altech backs down

Altech withdrew its intervention against the merger between MTN SA and Internet service provider Verizon SA yesterday. Last year Altech, a JSE listed technology group, opposed the R1,4billion acquisition of 69,38percent of Verizon SA by MTN on the grounds that it would give rise to substantial competition concerns. - Zweli Mokgata

Altech withdrew its intervention against the merger between MTN SA and Internet service provider Verizon SA yesterday. Last year Altech, a JSE listed technology group, opposed the R1,4billion acquisition of 69,38percent of Verizon SA by MTN on the grounds that it would give rise to substantial competition concerns. - Zweli Mokgata

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