The Competition and consumer Protection Commission CCPC has granted a conditional merger between the Zambia National Broadcasting Corporation and Hantex international Corporation Limited which is under the control of Startimes international Holdings.
This is following an application for the merger by the entities in June 2018.
The commission notes that the board of commissioners granted the application considering factors including the lack of digital Migration Law in Zambia and the loan that government has to repay which it obtained for the project.
CCPC chairperson Kelvin Bwalya says in a statement to Money FM Radio that under the conditions, topstar will not abuse its dominance in signal distribution, and topstar should sign service level agreements with all its customers.
Other conditions indicate that Startimes will divest all it’s shareholding to ZNBC considering the possibilities of the merger resulting in reduced Tax Revenue, reduced consumer choices, disadvantaging competitors and limiting market Entrants.