Vodacom and MTN were by far the biggest spenders in South Africa’s spectrum auction, agreeing to cough up more than R5-billion each for prime access.
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The long-running legal dispute in the “please call me” saga between Vodacom and its former employee, Nkosana Makate, has taken another turn.
VodaPay and other financial services offerings are playing an increasingly important role in Vodacom Group’s growth story.
Telkom has again filed papers to try to stop the upcoming spectrum auction, a move that will likely see the company heavily criticised.
Following a “lengthy competitive process”, MTN Group will sell a big chunk of its South African tower portfolio to IHS Towers in a R6.4-billion deal.
Vodacom Group will spin off its South African tower portfolio into a separate business and may seek partners for the newly created entity.
Vodacom Group may consider a separate listing of its financial services business in South Africa to unlock value.
Vodacom Group is entering North Africa for the first time, announcing on Wednesday that it will acquire Vodafone Egypt from parent Vodafone Group for R41-billion.
Mobile payments platform M-Pesa has topped 50 million active users – measured by monthly active customers – telecommunications group Vodacom said on Tuesday.
South African telecommunication companies are trying to settle a wireless spectrum auction dispute with the industry regulator out of court to avoid a prolonged legal battle.