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
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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
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Former Vodacom CEO Pieter Uys and former First National Bank CEO Michael Jordaan have joined the board of Invenfin, the venture capital division of investment holding company Remgro Limited, as nonexecutive directors. Uys is already Remgro’s investment executive
There are a number of ways how you can use 1GB of free data these days — that’s what Vodacom is giving each of its 33m customers in South Africa on Sunday (for one day only). The Internet is full of exciting things to watch, download or even just update. What you
Mobile operator Vodacom is giving 1GB of free data to all of its 33m-plus customers in South Africa. The only catch is that if they want it, they have to use it this Sunday, the day it is made available. The mobile operator, which is keen to drive up the number of people using data services on its network – this week launching