Cell C intends listing on the JSE within the next few years to unlock value for shareholders and staff. This comes in the wake of news this week that Blue Label Telecoms has tabled an offer to acquire a 35% stake in South Africa’s third mobile operator for R4bn
Browsing: Vodacom
Vodacom acquisition target Neotel must table a roaming offer to all mobile operators interested in access to its spectrum before the two parties return to the Competition Commission to seek approval of the newly restructured deal. This follows a pre-hearing meeting at the
Blue Label Telecoms is acquiring 35% of Cell C, injecting R4bn in new capital as part of a major restructuring of the telecommunications operator that will lead to current controlling shareholder
The sale of Altech Autopage’s subscriber base has been referred back to the Competition Commission, putting into question a planned shutdown date. In September, Johannesburg listed
Vodacom has expanded the number of markets where it’s offering discounted roaming charges, meaning contract customers can make calls while abroad for rates starting at R2,50/minute in countries where Vodafone operates (plus a few others) and going up to R7,50/minute
Vodacom will no longer acquire Neotel’s spectrum. Instead, the mobile operator has agreed that Neotel will offer a “roaming agreement” to all the mobile network operators. The surprise development comes after Vodacom and Neotel asked the
The Competition Commission has recommended to the Competition Tribunal that the sale of Altech Autopage’s subscriber bases to mobile operators Vodacom, MTN and Cell C be approved without
Government investment manager, the Public Investment Corp (PIC), has finalised its acquisition of the state’s 13,9% equity stake in Vodacom. Government is set to use the proceeds of the sale to the PIC to help fund Eskom. At the current share price
The theft of batteries from base stations around South Africa has become a significant problem for mobile operators, costing them into the hundreds of thousands of rand every time criminals break into a site. But operators have started fighting back with the
Neotel’s chief financial officer, Steven Whiley, has resigned. Whiley was suspended from the telecommunications operator in July, along with CEO Sunil Joshi, over allegations of bribery related to a multibillion-rand contract at Transnet. In a tersely worded statement on Friday, Neotel said