South Africa's Competition Tribunal has given the Saudi Telecom Company (STC), Oger Telecom deal its blessing.
The deal, which was heard by the authority earlier this month, sees STC acquire joint control of Oger Telecom for a net price of $2.56 billion.
As Oger Telecom has a stake in local cellular operator Cell C, the transaction had to be approved by local authorities.
Following the Competition Commission's approval, the Tribunal gave the acquisition its unconditional consent.
Related stories:
M&A outlook 'foggy`
Cell C 'not a loser'
Cell C's turnaround proves profitable
Tribunal to review Oger merger
Firm offer will secure Telkom
Telkom 'not for sale'
Telkom plummets on update
MTN dumps Telkom, eyes Verizon
Saudi/Oger deal goes through
Share