Vodacom Group will acquire a co-controlling interest, along with Remgro and New GX Capital, in a new entity made up of assets including Vumatel and Dark Fibre Africa.
Author: Duncan McLeod
Econet Group, the company founded by Zimbabwean tycoon Strive Masiyiwa, has announced the creation of a new entity that will hold many of the group’s assets.
Vodacom Group is entering North Africa for the first time, announcing on Wednesday that it will acquire Vodafone Egypt from parent Vodafone Group for R41-billion.
Stanlib Asset Management has invested R2.4-billion in the Khudu Pitje family-controlled company to accelerate the roll-out of broadband across the country.
Telkom CEO Sipho Maseko was responding to questions about a news report which said MTN had made an approach to buy the company.
As Telkom makes plans to list its masts and towers business, Swiftnet, next year, the unit is actively preparing for the mass deployment of 5G in South Africa.
The number of active fibre-to-the-home connections in Telkom’s network has leapt past the number of legacy copper connections.
Despite a weekend report of an approach by MTN Group, Telkom shares were trading lower on Monday, implying investors don’t believe a deal is imminent or even possible.
MTN Group recently expressed an interest in acquiring Telkom, Bloomberg News reported on Sunday, citing unnamed sources “familiar with the matter”.
Exclusive | The communications regulator is moving to defuse the looming court battle over its planned withdrawal of Covid-19 temporary spectrum.