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Broadband

Vodacom SAfrica mulls acquisition of Broadband Infraco

Tuesday 19 April 2016 | 10:14 CET | News
Vodacom South Africa is considering a bid for state-owned Broadband Infraco, Bloomberg reported. The acquisition could help Vodacom make up for the cancellation of a ZAR 7 billion merger with Neotel, which was abandoned after the High Court ruled that Vodacom would not be able to take control of licences owned by Neotel. Broadband Infraco's assets were valued at ZAR 2.1 billion in March 2014. Acquiring an asset like Broadband Infraco would support the government's ambition to increase broadband access, said Vodacom CEO Shameel Joosub. The sale of Broadband Infraco to Vodacom would follow a

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Categories: Fixed
Companies: Broadband infraco / NeoTel / Telkom / Vodacom South Africa
Countries: South Africa
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