Browsing: Royal Bafokeng Holdings

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Vodacom in R17.5bn empowerment deal

Vodacom Group has announced a planned R17.5bn black economic empowerment deal with Royal Bafokeng Holdings, Thebe Investment Corporation and existing BEE shareholder YeboYethu that will take its BEE ownership to about

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Liquid Telecom’s big plans for Neotel

Liquid Telecom, the fast-growing pan-African telecommunications operator controlled by Zimbabwean billionaire Strive Masiyiwa, will spend billions of rand expanding newly acquired subsidiary Neotel’s data centres, wireless networks and fixed-line

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Liquid Telecom talks up possible listing

Liquid Telecom, a unit of Econet Wireless Global, is considering a sale of shares on a stock market after completing the R6,5bn purchase of Neotel to create the largest broadband network in Africa. “A possible listing would be very likely,” CEO Nic Rudnick

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Liquid consummates Neotel acquisition

Liquid Telecom’s R6,5bn acquisition of South African telecommunications operator Neotel is done. The parties finalised the deal on Friday morning. India’s Tata Communications, which controlled Neotel, along

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New Neotel branding unveiled

New Neotel owners Liquid Telecom and Royal Bafokeng Holdings have moved quickly to rebrand the local telecommunications operator, ditching its trademark orange colour in favour of a blue

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Icasa approves Neotel sale

Liquid Telecom’s R6,5bn acquisition of Neotel is going ahead. Communications regulator Icasa on Thursday gave the deal the green light, approving the transfer of licences to Liquid, according to a well-placed source with knowledge

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Liquid Telecom to buy Neotel for R6,5bn

Fast-growing and privately held pan-African telecommunications group Liquid Telecom majority owned by Econet Global has agreed to acquire a controlling stake in Neotel for R6,55bn. The deal comes just months after Vodacom was forced

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Vodacom mulling BEE options

Vodacom is considering whether or not it should conclude another black economic empowerment deal, says newly appointed group CEO Shameel Joosub. However, no decisions are imminent. Joosub says Vodacom wants “harmonisation” between requirements set out in the Electronic Communications Act