Massmart reported a 50% year-on-year jump in e-commerce sales for the period to 26 June, even as its income statement was once again stained in red ink.
Browsing: Vodacom
The country has banned some telecoms executives from leaving the country after they resisted paying a new tax on the industry, sources said.
The Vodacom Group parent has agreed to sell its Hungarian unit in a deal valued at €1.8-billion as part of its plan to simplify its sprawling business.
Major operators have created a new, non-profit association to look after their interests and work with government and regulators.
Vodafone Group explored a sale of its Ghanaian business to subsidiary Vodacom Group in early 2021 but that deal did not materialise.
The idea of a pan-African telecoms champion that has a large shareholding by the South African government looks likely to grease the political wheels of MTN’s audacious bid to buy Telkom.
Vodacom Group reported a 5.2% year-on-year improvement in quarterly revenue on the back of a “resilient” performance in its home market.
Vodacom Group will retain full ownership of a new subsidiary that will take over its South African tower business, it said on Thursday.
Vodafone New Zealand is selling its mobile phone tower assets to investment firms for NZ$1.7-billion, or about R17.9-billion.
Keabetswe Modimoeng said MTN Group’s proposed acquisition of rival Telkom should be considered seriously by regulators.