Description of Activities

Description: The Commission resolved to approve without conditions the acquisition by ICT Holdings Proprietary Limited of shares in Dimension Data Namibia Proprietary Limited.

The acquiring group: The acquiring group in Namibia is a diversified conglomerate active in various industries, such as fishing, FMCGs, tourism, and renewable energy.

Target undertaking: On the other hand, the target undertaking is a licensed Namibian IT services company.

Relevant market: The Secretariat, looking at the parties’ activities,, agrees with the merging parties’ definition and submits it is not necessary to definitively conclude on the relevant product market definition since the transaction entails a move from joint to sole control.

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition or result in any undertaking to acquire or strengthen a dominant position in the market and did not raise any public interest concerns.

However, as stated under section 50 of the Act, this approval does not relieve parties from complying with any other mandatory statutory approvals that any of the parties to this merger must comply with under Namibian laws.