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Tag: vodacom
Vodacom looks to add spectrum, fibre assets with Neotel deal
2013-10-01 02:00:00| Total Telecom industry news
Merger of two South African operators would create stronger competitor, but would also attract regulatory scrutiny.
Tags: add
deal
assets
spectrum
Vodacom, Neotel confirm merger talks
2013-09-30 16:21:00| Telecompaper Headlines
(Telecompaper) India-based Tata Communications confirmed it's in exclusive talks to sell South Africa fixed operator Neotel to Vodacom, the African subsidiary of Vodafone. A final deal will depend on further negotiations, as well as regulatory and corporate approvals. The operators said the takeover would stimulate greater competition in the South African fixed telecommunications market, where Neotel has struggled to gain ground against incumbent Telkom. Vodacom will be able to expand into the growing fixed internet market, bundling offers with its mobile services for consumers and businesses, as well as profit from Neotel's spectrum holdings and backbone network. If the deal is implemented, Vodacom said it intends to invest significantly in the combined entity to provide high-speed fixed connectivity to many more businesses and consumers. No financial details of the proposed merger were announced. Earlier reports suggested that Tata's stake in Neotel could be worth around USD 500 million.
Tags: confirm
talks
merger
vodacom
Helios Towers to acquire Vodacom Tanzania towers
2013-07-22 09:39:00| Telecompaper Headlines
(Telecompaper) Helios Towers Tanzania (HTT) has reached an agreement with Vodacom Tanzania to acquire the mobile operator's tower network in the country for stock and cash, in Vodacom Group's first towers transaction. The partnership involves the transfer of 1,149 existing telecom towers from Vodacom to HTT and a commitment to a short-term roll-out which will see a significant increase in points of service owned by HTT and more than double HTT's existing presence in Tanzania. Under the deal, HTT will acquire all of Vodacom's existing passive infrastructure and supply Vodacom with a significant increase in points of service in Tanzania. The deal will enable Vodacom to lease back the infrastructure subject to a long-term contract. The deal will expand HTA's tower coverage in Africa to 4,700 owned towers. The transaction will see Vodacom acquire a 24.5 percent share in HTT.
Tags: acquire
tanzania
towers
helios
Vodacom sells telecoms towers
2013-07-22 02:00:00| Total Telecom industry news
African mobile operators agrees sale and leaseback of more than 1,000 mobile towers in Tanzania.
Tags: sells
towers
telecoms
vodacom
UPDATE 1-TeliaSonera picks Vodacom exec as new CEO -source
2013-06-16 22:54:14| Telecom - Topix.net
Nordic telecom operator TeliaSonera has picked Johan Dennelind, the current chief executive of Vodacom International, as its new CEO, a source with knowledge of the recruitment process said on Sunday.
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