Vodacom’s troubled relationship with the controlling shareholder of its minority partner in the Democratic Republic of Congo is once again emerging as a thorn in the telecommunications
Browsing: Alieu Conteh
Democratic Republic of Congo (DRC) president Joseph Kabila has intervened in the ongoing dispute between Vodacom and Congolese Wireless Network (CWN), the junior partner in the JSE-listed cellular group’s operation in the troubled central African nation, to try to find a solution to a protracted dispute between the parties. Earlier this year Vodacom and CWN agreed to international arbitration proceedings in Brussels after relations between the two groups appeared to break down completely.
Vodacom will make a decision about what to do with its troubled business in the Democratic Republic of Congo by the end of this year, says the group’s CEO Pieter Uys. “The company is still running and there is a board meeting coming up soon,” Uys says. He doesn’t say what will be discussed at the meeting.
Vodacom CEO Pieter Uys last year offered to sell the cellular group’s 51% stake in its Democratic Republic of Congo…
Congolese Wireless Network (CWN), Vodacom’s partner in its subsidiary in the Democratic Republic of Congo (DRC), has accused the JSE-listed…
Vodacom’s multibillion-rand joint venture in the Democratic Republic of Congo (DRC), one of its most important markets outside SA, appears…