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: Congolese Wireless Network
Vodacom has won protracted international arbitration proceedings in its long-running dispute with Congolese Wireless Network, the minority shareholder in its operation in the Democratic Republic of the Congo. Relations between the two companies
Vodacom has been been ordered to pay a politically connected fixer US$21m (R159m) this week by a court in the Democratic Republic of Congo (DRC), but the episode could end up costing the mobile operator almost twice that amount. On the phone from Kinshasa this week, Moto Mabanga, the SA-based fixer who was
Vodacom has declared an interim dividend of 260c/share, translating into an almost R3,9bn windfall for the company’s shareholders. The interim dividend has been hiked by 44,4%. The JSE-listed cellphone group announced the dividend alongside its interim
Vodacom’s share price shot up 4,5% on Wednesday after it said a solid performance at its key SA subsidiary and strong growth in demand for data bolstered its numbers in its third
Vodacom and the minority shareholder in its subsidiary in the Democratic Republic of Congo (DRC), Congolese Wireless Network (CWN), have agreed to appoint NM Rothschild & Sons to explore options for Vodacom Congo. Vodacom and CWN have
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’s bitter dispute with its partner in its subsidiary in the Democratic Republic of Congo (DRC) hit the front pages…
Vodacom CEO Pieter Uys last year offered to sell the cellular group’s 51% stake in its Democratic Republic of Congo…