Cuts to wholesale mobile call termination rates led to a 1,3% decline in Vodacom’s service revenues in South Africa in the six months ended September 2014. Without the cut to the rates, which mobile operators charge each other to carry calls between their networks, the company’s service revenue would have
Browsing: Shameel Joosub
Vodacom on Tuesday said it plans to pump R1bn into upgrading its network in Gauteng, which will include expanding 3G in the province’s townships. The mobile operator said that it will spend more than R1bn in Gauteng in the current financial
Will it be a case of second time lucky for Vodacom? The mobile operator has finally relaunched M-Pesa, the mobile payments platform that has proved enormously successful in Kenya and Tanzania, in South Africa, hoping it will
Vodacom has shown good growth in the user base of its South African operation, and turned in a healthy service revenue increase in its international services for the quarter to June 2014. Group revenue for the quarter
Vodacom is going to face an uphill battle in its attempt to get regulatory approval for its R7bn acquisition of Neotel. Its competitors, who are already publicly questioning the legality of the deal, are likely to lobby for it to be scuppered or at the very least have strict conditions imposed on it. “It will be challenged
Vodacom announced on Friday that its CEO, Shameel Joosub, acquired nearly R3,5m worth of the company’s shares this week at an average purchase price of R129,35/share. News of the share purchase comes just days after Vodacom announced that Joosub had also been granted 95 482 new shares as
Last week was one of the most interesting in the history of telecommunications in South Africa. Telkom made its second bid in seven years for Business Connexion (BCX), while Vodacom and Neotel came to an agreement on a R7bn acquisition, which, if approved, will finally give the mobile operator a compelling offering in the enterprise
There is a certain irony in the fact that at the same time that our cellphone companies are announcing dramatic cuts to both their data and call rates in what appears to be a price war, we are also confronted by announcements on proposed tie-ups that, if concluded, will reduce competition in the sector. The irony is no coincidence. Cell C’s effort to win market
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
Delays by government in creating a policy for the licensing of additional spectrum needed to build next-generation mobile broadband networks forced Vodacom into making an offer to buy rival telecommunications operator Neotel. Vodacom CEO Shameel Joosub says mobile