0
Wireless

Vodacom stake worth ZAR 6 bln up for sale - report

Monday 7 November 2016 | 09:24 CET | News
A stake in Vodacom worth ZAR 6 billion is back up for sale, reports Bloomberg, citing sources familiar with the negotiations. The sale follows the collapse of a deal in May that was "aimed at increasing black ownership of the phone carrier". The Vodacom stock is being sold by the Public Investment Corporation.

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: MTN / MTN South Africa / Vodacom / Vodacom South Africa
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 South Africa adds 1.5 mln new customers in H1

Published 14 Nov 2016 09:11 CET | South Africa
Vodacom South Africa's active customer base grew to 35.7 million, with 1.5 million net customer additions in the first half-year ...

Vodacom Group revenue growth slows to 4% in H1

Published 14 Nov 2016 08:24 CET | Africa
Vodacom Group reported a 4.1 percent increase to ZAR 40.15 billion in its revenue for the first six months ended 30 September ...

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 ...

Vodacom's YeboYethu shares list on Johannesburg bourse

Published 11 Aug 2016 11:33 CET | South Africa
Vodacom South Africa's Black Economic Empowerment (BEE) scheme, YeboYethu, listed its ordinary shares on the BEE segment of the ...

South Africa's PIC abandons Vodacom share sale – report

Published 08 Aug 2016 11:09 CET | South Africa
A Public Investment Corp plan to sell shares in South African operator Vodacom to black investors has been abandoned, Bloomberg ...





Calendar   /   Industry Events

22 Sep BIG 5G Event
23 Sep Submarine Networks Wold 2020
23 Sep China SDN/NFV/AI Conference
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 Tech & Politics Forum by FT-ETNO
29 Sep VMworld
29 Sep ConnecTechAsia
::: More Calendar Items