South Africa sells Vodacom stake; Neotel deal gains antitrust approval

South Africa’s government confirmed the sale of its 14 per cent stake in Vodacom, which is worth more than $2 billion, to the Public Investment Corporation (PIC). The government has been considering selling the stake since at least last year, …

The post South Africa sells Vodacom stake; Neotel deal gains antitrust approval appeared first on Mobile World Live.

MTN exploring Telkom acquisition – report

MTN Group, which runs the second largest mobile operator in South Africa, is reportedly mulling the possibility of taking a majority stake in Telkom – the country’s largest landline provider – in a bid to challenge the dominance of Vodacom, …

The post MTN exploring Telkom acquisition – report appeared first on Mobile World Live.

South Africa’s Vodacom to acquire fixed player Neotel

The South African mobile operator subsidiary of UK-headquartered Vodafone has announced an agreement to acquire the market’s second largest fixed communications provider, Neotel, in a cash deal worth ZAR7.0bn ($673m). Negotiations between Vodacom and Neotel were announced in September last year, when Vodacom CEO Shameel Joosub pledged to pump significant investment into the merged entity should talks prove fruitful.