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: Shameel Joosub
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
South African smartphone users on Vodacom’s network use an average of 253MB/month each, while tablet users consume an average 743MB/month each, the mobile operator has revealed. In the financial year ended 31 March 2014, Vodacom increased the number of smartphones and tablets on its network by 23,5% to 7,8m. “Demand for
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
Vodacom Group CEO Shameel Joosub has defended his company’s decision to join MTN in suing communications regulator Icasa over cuts to mobile termination rates, the fees operators charge each other to carry calls between their networks. Writing in an opinion piece
I often wonder if certain captains of industries are entirely disconnected from reality. It’s the only thing that can explain the breathtaking gall of Vodacom CEO Shameel Joosub, who complained publicly that new regulations would cost his company R1bn in 2015, threatening to sue as a result
Vodacom will lose R1bn in the 2015 financial year if the Independent Communications Authority of South Africa’s final termination rates are not challenged and overturned. That claim was made by the operator’s group CEO, Shameel Joosub, on a call to analysts on Wednesday
Spare a thought for Shameel Joosub and Zunaid Bulbulia. The Vodacom and MTN chief executives must feel like they’re being unfairly picked on for running successful, profitable businesses. This week, telecommunications industry regulator Icasa published final regulations that will
MTN has taken issue with the final call termination regulations announced by telecommunications regulator Icasa on Wednesday, saying the proposed “asymmetry” that benefits smaller operators is “unsubstantiated”. Under the regulations, smaller operators
Vodacom Group CEO Shameel Joosub has offloaded shares worth about R6m in the mobile telecommunications operator. The sale of the shares, which took place on 31 December, the last trading day of 2013, was concluded at a price of R130,87/share. That’s near to Vodacom’s all-time