The Competition Commission says the approved the acquisition without conditions.
The Competition Commission has approved the deal for Infinite Partners’ Core Equity Fund and Co-Investment firms to acquire Evotel, Link Layer, Magnolia Tree, and Net99, without conditions.
“The Commission is of the view that the proposed transaction is unlikely to substantially lessen or prevent competition in any market. The proposed transaction does not raise significant public interest concern,” the Competition Commission said. The acquisition of companies like Evotel and Link Layer will enable Infinite Partners to enter the open access fibre network space in South Africa.
Link Layer partners with AEX to manage and supply its open-access network. It sells asymmetrical fibre packages with speeds ranging from 10Mbps to 1Gbps.
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