South Africa Approves Vodafone Bid for Local Mobile Operator
An AFP newswire article, via Yahoo! News, reports that:
South Africa's competition tribunal approved Vodafone's bid to buy a 15-percent stake in local mobile phone operator Vodacom in a multi-billion-dollar deal, paving the way for the second largest investment in the country since the end of apartheid in 1994.
British telecoms giant Vodafone has offered around 2.4 billion dollars (two billion euros) to buy out ordinary shares in Venfin, which owns 15 percent of Vodacom.
posted by Fergie @ 1/11/2006 10:39:00 AM
0 Comments:
Post a Comment
<< Home