Vodacom published its annual results for the 2014 financial year on Monday. TechCentral editor Duncan McLeod sat down with the group’s CEO, Shameel Joosub, after the results presentation to ask him about the operator’s offer to buy Neotel as well as its plans to relaunch M-Pesa. Joosub talks about Vodacom’s view on where
Browsing: Icasa
Vodacom intends increasing group capital expenditure by 20% in the financial year ended March 2015. It proposes increasing its capex investment from R10,8bn in 2014 to R13bn this year. However, it has warned that the planned investment could be affected negatively. “This will be informed by the final outcome of the mobile termination rate
After many months of negotiation, Vodacom and Neotel are finally getting into bed with each other. Vodacom has reached an agreement with Neotel’s shareholders to buy 100% of the company, including shareholder loans against it, for a total cash consideration equivalent to an enterprise value of R7bn. The deal, if it gets the necessary regulatory
Cell C this week signalled it will not back down an inch as the price war between South Africa’s mobile operators intensifies. The mobile operator, South Africa’s third largest after Vodacom and MTN, upped the stakes with its bigger rivals by cutting its prepaid rate from 99c to 66c/minute (billed per second) on a promotional basis
Vodacom, the top-rated company in the Reputation Institute’s annual National RepTrak Pulse survey last year, has fared “particularly poorly” in the 2014 edition of the survey, falling to sixth position and behind rival MTN. The survey found that there has been a “bloodbath” in company reputations, with the exception
Cell C has upped the ante in South Africa’s mobile price war. The mobile operator has slashed prepaid call rates to 66c/minute, from 99c/minute previously. The new 66c tariff excludes its Supacharge recharge benefits, which will continue to be available
The “last mile” fixed-line infrastructure into people homes in South Africa is “awful” and is holding back competition in South Africa’s television broadcasting industry by preventing Internet protocol television and video-on-demand players from launching services
Two weeks ago, Icasa provisionally awarded licences to five new subscription television broadcasters. It hopes the move will help crack open what has become a highly concentrated market that is now thoroughly dominated by one operator, MultiChoice. The communications regulator will be hoping that it is more successful in this
South Africa’s mobile price war appears to be intensifying, with Vodacom announcing on Friday that it would cut its effective prepaid rate, on a promotional basis, to 50c/minute for customers who buy its new “Chat for 20” product. The new “promotional bundle” offers 20 voice minutes for R10 to call any network
Vodacom has quietly cut its prepaid call rate to 79c/minute on per-second billing, just weeks after MTN did the same. However, the new Vodacom rate is promotional, and expires on 14 July. If Vodacom makes the new 79c rate permanent – by filing the tariff with communications regulator