Vodacom Group increased capital expenditure in its South African operation by more than 10% in the last year as it fought to regain network leadership from rival MTN.
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Vodacom Group is mulling a bond issue and will pay a smaller proportion of its earnings in dividends as it looks to finance new growth plans.
Vodacom Group on Monday declared a full-year dividend of R4.30/share after reporting a solid performance from South Africa, its biggest market.
Two of South Africa’s biggest fibre providers, Vumatel and Dark Fibre Africa, are being folded into a new infrastructure holding company to be led by Vuma CEO Dietlof Mare.
Vodacom is now offering consumers access to unsecured personal loans through its VodaPay “super app” as it deepens its push into fintech.
Safaricom is encouraged by the positive outlook in Ethiopia and plans to start operations there this year, its CEO said.
Vodacom Group has appointed Sitho Mdlalose as the new MD of its South African operation, replacing Balesh Sharma.
If a sale is being seriously considered, it’s worth asking: who would want to buy EOH, and who could afford it?
Vodacom South Africa will buy much more of the electricity it needs for its operations from renewable energy sources within the next three years.
The industry body has lodged an objection with the Competition Commission over Vodacom’s plan to buy a significant minority stake in CIVH.