Thursday, November 03, 2005

Vodafone wants half interest in Vodacom of South Africa

An AFP newswire article, via Yahoo! News, reports that:

British mobile telephone group Vodafone said it was in exclusive negotiations to acquire a further 15 percent of South African operator Vodacom Group for up to 16 billion rand (2.4 billion dollars).

This would increase Vodafone's shareholding in Vodacom to 50 percent.

The British group said that an increased interest in Vodacom "was consistent with Vodafone's strategy of increasing its exposure to growth markets".

It would give Vodafone increased exposure to South Africa, the Democratic Republic of Congo, Tanzania, Lesotho and Mozambique, Vodafone added in a statement to the London Stock Exchange.


Post a Comment

<< Home