Vodacom Group on Thursday rubbished a report suggesting its CEO, Shameel Joosub, will soon leave the helm of the telecommunications operator to take on a new role as CEO of Vodafone Africa.
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Remgro-controlled telecommunications group Community Investment Ventures Holdings, the parent of Dark Fibre Africa and Vumatel, has appointed Raymond Ndlovu as CEO.
Just two days after the news that Vodacom’s chief technology officer, Andries Delport, is leaving for Remgro-controlled telecommunications provider CIVH, the group has announced the exit of its chief financial officer, Till Streichert.
Remgro-controlled CIVH is quietly becoming a serious player in South Africa’s telecoms landscape – one that has the potential, if it executes well on its plans, to become a major contender in a rapidly shifting sector.
Outgoing Vodacom Group chief technology officer Andries Delport will join CIVH as CTO where he will drive the strategy around the Remgro-controlled group’s big expansion plans in the telecommunications sector.
Vodacom Group’s long-serving chief technology officer, Andries Delport, has resigned after 23 years with the telecommunications operator.
Shares in Telkom continued their sharp downward slide on Thursday, flirting with levels last seen more than two years ago, as investors digested the group’s recent interim results and its complicated attempt to buy Cell C.
Cell C’s expanded roaming agreement with MTN South Africa, which was signed at the weekend, “adheres to all applicable legal and regulatory requirements”, the companies said.
On paper at least, an acquisition of Cell C by Telkom makes sense. But Cell C is arguably in worse shape today than it was two years ago when Telkom tried and failed. By Hilton Tarrant.
Telkom wants to buy Cell C in a plan that will include reducing its troubled rival’s debt and renegotiating contracts with suppliers, according to people with knowledge of the situation.