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: Vodacom
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
Vodacom has revealed that the Competition Commission has decided to investigate a complaint lodged by Cell C, in which the smaller mobile operator has accused its larger rival of abusing its dominance in contravention of the law. “The group received a complaint from the Competition Commission in which it is alleged that Vodacom
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
Vodacom intends increasing group capital expenditure by 20% in the financial year ended March 2015. It proposes increasing its capex investment from R10,8bn in 2014 to R13bn this year. However, it has warned that the planned investment could be affected negatively. “This will be informed by the final outcome of the mobile termination rate
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
Cell C this week signalled it will not back down an inch as the price war between South Africa’s mobile operators intensifies. The mobile operator, South Africa’s third largest after Vodacom and MTN, upped the stakes with its bigger rivals by cutting its prepaid rate from 99c to 66c/minute (billed per second) on a promotional basis
Vodacom, the top-rated company in the Reputation Institute’s annual National RepTrak Pulse survey last year, has fared “particularly poorly” in the 2014 edition of the survey, falling to sixth position and behind rival MTN. The survey found that there has been a “bloodbath” in company reputations, with the exception
Third mobile operator Cell C intends investing R2,3bn in growing its national network in 2014, to address capacity problems and to cater for a fast expanding subscriber base. The operator said on Tuesday that it had 16,6m subscribers at the end of April, a sharp
Cell C has upped the ante in South Africa’s mobile price war. The mobile operator has slashed prepaid call rates to 66c/minute, from 99c/minute previously. The new 66c tariff excludes its Supacharge recharge benefits, which will continue to be available