South African Competition Authority Greenlights Octotel Acquisition
- The South African Competition Commission has granted conditional approval for the acquisition of Octotel by a consortium led by African Infrastructure Investment Managers.
- The consortium will take ownership of Octotel from Actis.
- The approval comes after Octotel's substantial growth and expansion over the past four years.
The approval of the acquisition of Octotel by the consortium led by African Infrastructure Investment Managers is a positive development for the telecommunications infrastructure market in South Africa. The substantial growth and expansion of Octotel, along with the consortium's commitment to retaining employees and acquiring a stake in RSAWeb, demonstrates their dedication to driving economic growth and innovation in the region.
