Vodacom Group may consider a separate listing of its financial services business in South Africa to unlock value.
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Vodacom Group is targeting a 27% expansion in its financial services customer base to 73 million by March 2024.
Vodacom’s capital expenditure in South Africa jumped by 11.1% year on year, pushing spending on its network to R5.6-billion from R5-billion a year ago.
Vodacom Group reported a 5.1% fall in half-year earnings on Monday and declared an interim dividend of R4.20/share, up 1.2%.
Telkom, Vodacom and MTN have withdrawn their legal action against the communications regulator over the planned withdrawal of temporarily assigned spectrum at the end of this month.
Ethiopia expects its second telecommunications provider to start operations in the first quarter of next year despite conflict in the country.
Following a meeting with the CEOs of six of South Africa’s telecommunications infrastructure operators on Monday, Icasa is moving to license access to “provisional spectrum”.
Vodacom Group will acquire a co-controlling interest, along with Remgro and New GX Capital, in a new entity made up of assets including Vumatel and Dark Fibre Africa.
Vodacom Group is entering North Africa for the first time, announcing on Wednesday that it will acquire Vodafone Egypt from parent Vodafone Group for R41-billion.
Kenya’s biggest telecommunications operator has lowered its full-year forecast for earnings due to its investment in Ethiopia.