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Vodacom Denies Botswana Investment Rumours

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Note -- this news article is more than a year old.

South Africa based Vodacom has refuted reports that it is in talks to take a stake in Botswana based BeMobile.

There had been media reports late last week that the South African firm was either in a technology sharing agreement with BeMobile or had agreed to buy a stake in the firm.

It was claimed that the two companies would announce a deal by the end of this year, but Vodacom has now denied that any such talks are taking place.

The denial leaves BeMobile though in a difficult situation as the state-owned company is said to be struggling to compete with its more nimble private competitors and is said to be looking for a technology partner to assist it.

BeMobile's parent company, Botswana Telecommunications Corporation (BTC) is currently working on plans for a privatisation that would see a minority of its shares sold to the public.

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Tags: vodacom  bemobile  Botswana