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South Africa regulator approves Vodacom bid for Neotel
2015-07-01 10:09:00| Telecompaper Headlines
(Telecompaper) South Africa's Competition Commission has recommended to the Competition Tribunal that Vodacom's intended purchase of Neotel be approved on condition that the mobile company does not cut Neotel jobs and invests ZAR 10 billion in the company within five years. The ZAR 7 billion deal was approved by South Africa's communications regulator, Icasa, earlier in June. The commission said Vodacom shall not directly or indirectly use Neotel's spectrum for the purpose of offering wholesale or retail mobile services to any of its customers for a period of two years from the approval date or 31 December 2017, whichever is earlier. The Commission found that the proposed transaction is likely to substantially lessen or prevent competition in the mobile services market. Vodacom is the market leader in mobile services markets and the additional spectrum from Neotel will result in spectrum concentration effects that will likely consolidate Vodacom's dominant position. According to the competition commission, the acquisition will confer first mover advantages to Vodacom in network speed, capacity and mobile offerings. Vodacom will not be constrained by other competitors as they are unlikely to match its offering. These factors, the commission said, taken together will likely lead to reduced choice and higher prices to end customers in the absence of effective constraints on Vodacom. The acquisition will now go before the competition tribunal for a final decision. Competitors including MTN, Africa's biggest wireless operator, and Cell C have previously said they oppose the purchase because they say Vodacom would become too dominant.
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South Korean nuclear regulator approves Wolseong plant restart
2015-02-27 01:00:00| Power Technology
Nuclear Safety and Security Commission (NSSC) in South Korea has renewed the operating licence of unit 1 of the Wolseong nuclear power plant until 2022.
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UK regulator approves 1.1bn funding for Moray Firth subsea cable project
2014-12-18 01:00:00| Power Technology
UK's power regulator Ofgem has approved 1.1bn funding for setting up a subsea link connecting power grid on both sides of the Moray Firth, in northern parts of Scotland.
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Alberta Energy Regulator approves $3bn Grand Rapids pipeline project
2014-10-13 01:00:00| Hydrocarbons Technology
The Alberta Energy Regulator (AER) has approved the majority of TransCanadas applications to build and operate the $3bn Grand Rapids pipeline project.
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alberta
Virginia regulator approves Pepco merger with Exelon
2014-10-09 03:07:07| Energy - Topix.net
Virginia regulators have approved Exelon's $6.8 billion acquisition of Pepco, the first of several regulatory hurdles it needs to clear. Pepco Holdings Inc. is one step closer to its $6.8 billion merger with Chicago-based Exelon Corporation, winning approval from the Virginia State Corporation Commission.
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