Altech backs down

08 January 2009 - 02:00
By unknown

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