South Africa Tribunal Blocks $745 Million Vodacom Fiber Deal (1)

South Africa’s antitrust tribunal prohibited Vodacom Group Ltd.’s 13.2 billion-rand ($745 million) deal to buy a stake in Remgro Ltd.’s fiber businesses.

The nation’s antitrust regulator — the Competition Commission — plunged the deal into jeopardy last year after it urged the Competition Tribunal to block the acquisition. Vodacom will await the body’s detailed reasons for prohibiting the transaction before considering all options available to it, which may include a request to the Competition Appeal Court, it said in a statement Tuesday.

Remgro is also considering “all alternatives” at its disposal, it said separately.

“South Africa desperately needs ...