0
Wireless

South Africa's PIC acquires 13.9% stake in Vodacom

Thursday 3 December 2015 | 10:08 CET | News
The South African government investment manager, the Public Investment Corp (PIC) has finalised its acquisition of the state's 13.9 percent equity stake in Vodacom. The government is set to use the proceeds of the sale to the PIC to help fund energy group Eskom. At the current share price, the PIC's 13.9 percent slice of Vodacom is worth just over ZAR 30 billion. The PIC acquired a first tranche of Vodacom from the government in July. PIC said the transaction is of significance in allowing the government of South Africa, as part of selling its noncore assets, to use the proceeds towards

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Vodacom
Countries: South Africa
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Vodacom to sell ZAR 15 bln stake to black investors – report

Published 26 Jan 2017 13:01 CET | South Africa
Vodacom South Africa is considering the sale of a ZAR 15 billion stake in the company to boost black participation in the ...

Vodacom plans to increase black ownership

Published 09 Nov 2016 09:51 CET | South Africa
Vodacom South Africa is interested in increasing its black ownership, saying it would be "beneficial" if the Public Investment ...

South Africa govt sells Vodacom stake to pension fund

Published 01 Jul 2015 15:25 CET | South Africa
The South Africa government confirmed the sale of its 13.91 percent stake in mobile operator Vodacom to the Public ...





Calendar   /   Industry Events

22 Sep BIG 5G Event
23 Sep China SDN/NFV/AI Conference
23 Sep Submarine Networks Wold 2020
23 Sep Samsung Galaxy Unpacked event
28 Sep Open Networking & Edge Summit
28 Sep The Edge Event
29 Sep Micron Technology fiscal Q4
29 Sep VMworld
29 Sep ConnecTechAsia
29 Sep Tech & Politics Forum by FT-ETNO
30 Sep FCC meeting
::: More Calendar Items