Liquid Telecom South Africa will embark on a retrenchment programme amid a major restructuring of the business, TechCentral can reveal.
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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
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