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Articles tagged with: Telkom and Vodacom
Vodacom Seeking Expansion Opportunities in Africa
Vodafone is expected to use Vodacom as its vehicle to expand into developing markets in Africa now that it has secured control of the company. Vodacom CEO, Pieter Uys said that the company is looking to take advantage of falling prices to increase its footprint. more
Related Tags: vodafone, satellite, landline, gateway-communications, South Africa
Vodacom Shares Soar on South African Stock Listing
A court in South Africa ruled late last night that Vodacom could proceed with its planned stock-market listing on the Johannesburg Stock Exchange that was in jeperdy following a regulator decision at the last minute. more
Related Tags: vodafone, cosatu, South Africa
Vodafone's Vodacom Investment Thrown Into Doubt
South Africa's telecoms regulator has unexpectedly reversed an earlier decision and will no long wave through Vodafone's acquisition of a majority stake in Vodacom. The regulator cited court action by the Congress of South African Trade Union (COSATU) as the main reason for its decision to delay approval. more
Related Tags: vodafone, cosatu, landline, South Africa
Competition Brings Big Changes to South Africa's Telecom Sector
South Africa's telecom market is in the midst of a dramatic change, as incumbent fixed-network operator telkom SA faces increasing competition not only from mobile voice and data services but also from competitive fiber network buildouts, according to a new report from Pyramid Research. more
Related Tags: , wimax, driving, capex, mtn, cdma, pyramid-research, South Africa
Competition Commission approves Vodacom/Vodafone merger
South Africa's Competition Commission has recommended the approval of the proposed merger between Vodafone Group and local mobile operator, Vodacom Group and has referred the transaction to the Competition Tribunal for approval. more
Related Tags: vodafone, compete, landline, vodafone-group, competition-commission, South Africa
Vodafone Announces Details of Vodacom Investment
Vodafone has confirmed the details of its long anticipated plan to acquire an additional 15% stake in South Africa based Vodacom from telkom SA for a cash consideration of ZAR22.5 billion (US$2.47 billion) less the pro rata consolidated attributable net debt of Vodacom Group of approximately ZAR1.55 billion (c.£0.1 billion). The transaction will increase Vodafone's shareholding in Vodacom Group from 50% to 65%. more
Related Tags: vodafone, mtn, presence, South Africa
Vodafone Confirms Increasing Vodacom Investment - Takes 65% Stake
Vodafone has confirmed a comment from telkom South Africa that it has made a non-binding proposal to acquire a 15% stake in their jointly owned mobile subsidiary, Vodacom. The company has offered ZAR 22.5 billion (US$2.47 billion) less the attributable net debt of Vodacom at the date of signing subject to, inter alia, the listing and unbundling of telkom's remaining stake of 35% in Vodacom to telkom shareholders. more
Related Tags: vodafone, mtn, South Africa
UPDATE: Telkom Ends Takeover Talks, Discussing Vodacom Offer
JOHANNESBURG -(Dow Jones)- telkom SA, Africa's largest fixed-line phone operator, Thursday said takeover discussions have broken off with a group of investors led by business tycoon Tokyo Sexwale's Mvelaphanda Holdings and including New York's Och-Ziff Capital Management. more
Related Tags: mtn, vodafone, South Africa
Telkom South Africa Breaks off Talks with Mvelaphanda Consortium
telkom South Africa has said in a statement that it has suspended talks with the consortium lead by Mvelaphanda Holdings regarding a possible sale of the landline division to the group. Other talks with Vodafone regarding its holding in mobile operator, Vodacom are still continuing. more
Related Tags: vodafone, landline, South Africa
New Suitor Emerges for South Africa's Vodacom
Nigeria's Globacom has emerged as a surprise possible bidder for the 50% stake in South Africa based Vodacom owned by the dominant landline telco, telkom. Vodafone, which is the other partner in the company has long coveted taking a majority control of Vodacom and has been in talks with telkom and other investors to boost its holding. A person familiar with the matter said that Vodafone is interested in an additional 12.5% stake in Vodacom, which would give it control with a total 62.5% interest. more
Related Tags: vodafone, landline, backhaul, oger-telecom, submarine, South Africa