Browsing: Congolese Wireless Network

Vodacom sued for R200bn in DRC

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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

Vodacom makes progress in DRC

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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

Congo fixer wins success-fee claim against Vodacom

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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 shareholders to receive R3,9bn pay-out

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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

SA, broadband bolster Vodacom

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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 in fresh attempt to save DRC unit

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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

Kabila intervenes in Vodacom DRC dispute

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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 sticks out Congo troubles – for now

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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.