South African Court Approves Vodacom, Remgro Fiber Deal (1)

South Africa’s Competition Appeal Court approved Vodacom Group Ltd.’s 13.2 billion-rand ($752 million) deal to acquire the fiber assets of Remgro Ltd.

Vodacom had proposed buying 30% of Maziv — a wholly owned unit of Remgro’s Community Investment Ventures Holdings Ltd. — with an option to increase the stake to 40%. Maziv’s key operating companies are Dark Fibre Africa and Vumatel, which build and own fiber-optic networks.

The transaction is crucial for the African unit of Vodafone Group Plc as it seeks to boost data services and take on rivals including MTN Group Ltd. The demand for ...