Vodacom Group slumped the most in more than seven years after South Africa’s antitrust regulator started a probe into a contract with the national treasury that may constitute an abuse of market dominance. The September
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Vodacom shares tumbled almost 8% on Wednesday after parent, the UK-headquartered Vodafone, said it had sold a chunk of its shares worth almost R15bn to meet the JSE’s 20% free-float requirement. Vodafone said it sold about
Friday’s speculation reported by Bloomberg that NTT Group was looking to offload African operations it acquired when it bought Dimension Data in 2010 left me a little uneasy. It isn’t clear if the assets in question are all the group’s
Econet Wireless Global unit Liquid Telecom has appointed former Vodafone Group executive Kyle Whitehill to head up South African telecommunications operator Neotel and oversee the company’s expansion plans
Vodacom is buying a 34,9% indirect stake in Kenya’s largest mobile phone operator, Safaricom, from its parent company Vodafone. The South African-listed telecommunications group is buying 87,5% of
Safaricom is still facing the threat of being broken up as the Kenyan regulator weighs up a report on dominance in the country’s telecommunications industry, CEO Bob Collymore said. East Africa’s biggest company by market
MTN on Wednesday said group revenue increased by 7,1% year on year, supported by a 29,4% improvement in data revenue, suggesting a return to a firmer footing for the Johannesburg-headquartered emerging markets telecommunications giant. However, group subscriber
Rob Shuter used his first quarterly report as CEO of MTN Group to commit the wireless operator to major investments in its biggest markets of Nigeria, South Africa and Iran. The spending plan “is expected to support further market
Vodacom Group’s Tanzanian unit has received regulatory approval to extend the deadline of its share sale for three weeks, allowing investors more time to take part in the country’s biggest initial public offering
Vodafone Group CEO Vittorio Colao is optimistic that a breakthrough is near regarding government’s controversial ICT policy white paper, saying a “hybrid” model proposed by local mobile operators, including Vodafone