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Articles tagged with: Vodacom and Vodafone
Vodafone Q2 Revenues Rise by 9.6% to $17.7 Billion
Vodafone has reported that its Q2 revenues were up 9.3% to £10.74 billion (US$17.7 billion), including the positive impact of exchange rate movements of 8.6 percentage points and a 3.1 percentage point benefit from merger and acquisition activity, primarily attributable to the additional stake in vodacom. more
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Huawei Launches Vodafone Co-Developed Base Station for Rural Areas
Huawei says that it has launched a 2G base station (BTS) designed for use in rural communities in developing markets. The “EasyGSM BTS” is an All IP-based compact BTS, and was co-designed and developed in collaboration with Vodafone in the two firms’ joint Radio Mobile Innovation Centre based in Madrid, Spain. more
Related Tags: huawei, base-station, solar-power, bts, gsm, South Africa
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: satellite, telkom, landline, gateway-communications, South Africa
Vodafone Net Profits Drops on Impairment Charges
Vodafone has reported a 15.6% rise in full year revenues to reach £41.02 billion (US$62.47 billion), although profits dropped to £3.08 billion (US$4.7 billion) from £6.76 billion (US$10.3 billion) a year ago, largely due to a write down of the Spanish and Turkish networks. Ignoring the impairment charges, the groups adjusted operating profit was up 16.7% to £11.8 billion. Group EBITDA up 10.0% to £14.5 billion. more
Related Tags: tax
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: telkom, 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: telkom, cosatu, landline, 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: compete, landline, telkom, 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: mtn, telkom, 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: mtn, telkom, South Africa
Vodafone Changes Management in Developing Markets Regions
Following Vodafone's earlier announcement that its EMAPA region would be reorganised to provide greater focus on the GroupÃ's higher growth markets, the company has announced some new senior management appointments. more
Related Tags: fiji, telenor, mobile-internet, vodafone-uk, digi, cfo