Axxess Internet
SA Competition Commission Approves Afrihost, Cool Ideas Merger
Image sourced from DT Architecture. South Africa’s Competition Commission, the country’s business practice watchdog, has unconditionally approved the merger of ISPs: Afrihost, and Cool Ideas. In June, Afrihost and Cool Ideas said they had concluded a deal in which Afrihost would purchase a majority stake in Cool Ideas. However, the new deal does not see Afrihost absorb Cool Ideas, instead, the companies plan to hold separate brands going into the merger. Cool Ideas is also reported to keep the same management and employees for the immediate future. “The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets. The Commission further found that the proposed transaction does not raise any public inter...
