Vodafone to increase stake in Vodacom

Vodafone to increase stake in Vodacom

October 13, 2016

Vodafone plans to expand its operations in emerging markets by increasing its stake in South African network Vodacom to 65%.

A ‘non-binding proposal’ of US$2.3 billion to acquire an extra 15% stake in Vodacom has been submitted by Vodafone.

Vodafone already owns 50% of Vodacom, with the other 50% owned by South Africa fixed line provider Telkom.

Disputes between the two companies have frustrated the Vodacom board, who have complained that it is difficult to keep two equally influential shareholders happy.

As such, the proposed deal is subject to Telkom distributing its remaining 35% of shares among its shareholders.

Vodafone believes Vodacom is an ‘attractive asset’ because of strong market positions in South Africa, Lesotho, the Democratic Republic of Congo, Lesotho, Mozambique and Tanzania.

Vodacom is the biggest mobile operator in South Africa with 24.8 million customers. It is has 9.2 million customers in its other markets.

Earlier this year Vodafone shook up executive roles, dividing the emerging markets position into two.

Morton Lundal was appointed as CEO of the newly created Central Europe and Africa Region.

In August Vodafone acquired a 70% stake in Ghana Telecom.

timyeo

Related Posts

Nine million customers for Bouygues Telecom

Comments Off on Nine million customers for Bouygues Telecom

Go-Ahead to Drop Telecom Rules in Parts of UK

Comments Off on Go-Ahead to Drop Telecom Rules in Parts of UK

MSI to launch 3.5G netbook

Comments Off on MSI to launch 3.5G netbook

MediaTek and CTTL to co-operate on TD-SCDMA

Comments Off on MediaTek and CTTL to co-operate on TD-SCDMA

O2 Broadband top choice at BroadbandGenie

Comments Off on O2 Broadband top choice at BroadbandGenie

Alleged US discrimination over Internet gambling

Comments Off on Alleged US discrimination over Internet gambling

Sigma Designs Announce Chipset

Comments Off on Sigma Designs Announce Chipset

ISPs add to consumers’ wi-fi concerns

Comments Off on ISPs add to consumers’ wi-fi concerns

Vodafone’s UK revenues fall

Comments Off on Vodafone’s UK revenues fall

Ofcom launches spectrum auction for digital services

Comments Off on Ofcom launches spectrum auction for digital services

Zen Internet appoints marketing manager

Comments Off on Zen Internet appoints marketing manager

Ofcom’s proposal on EU telecom rules to be approved

Comments Off on Ofcom’s proposal on EU telecom rules to be approved

Create Account



Log In Your Account



casibomslot sitelericanlı casino sitelericasino sitelerislot siteleribahis siteleribaywinİnterbahiscasibomcasibomcasibombelugabahismadridbetartemisbetcasibomgrandpashabetcasibombetsatbets10holiganbetbaywinMaltcasinohacklinkmatadorbet
NewsHair Transplantankara çekicioto çekicivozol 12000dextools trendingdextools trending botdextools botdextools trending servicedextools trending algorithmcoinmarketcap trending botpinksale trending botdextools trending costcoinmarketcap trendingfront run botfront running botpancakeswap botpancakeswap sniper botuniswap botuniswap sniper botmev botpinksale trending botprediction botpancakeswap prediction botpolatlı evden eve nakliyatköpek ilanlarıpomeranianmersin nakliyattuzla evden eve nakliyatMedyummersin evden eve nakliyatantika alanlarantika alanlareskişehir uydu servisiboerboel yavrupomeranian ilanlarımarsbahisportobetseo çalışması