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Vodacom Group revenue rises 4.5% to ZAR 42 bln in H1
2017-11-13 09:15:00| Telecompaper Headlines
(Telecompaper) Vodacom Group has reported a 4.5 percent increase in revenue to ZAR 42.0 billion in the first half-year ending 30 September compared with ZAR 40.15 billion in the same period in 2016. The group added 4.3 million customers during the first half, 2.9 million in South Africa and 1.4 million in its international operations, to reach just over 71 million customers, up 11.8 percent. Group EBIT decreased 0.2 percent, and the EBIT margin decreased by 1.2 percentage points to 25.8 percent.
Vodacom South Africa in talks to buy Vast Networks stake - report
2017-09-11 09:16:00| Telecompaper Headlines
(Telecompaper) Vodacom South Africa is in talks to buy a stake in Vast Networks, Mybroadband reported, citing industry sources. It said this follows news that Vast Networks, which is owned by Dimension Data and Naspers, is up for sale. The company is an open access Wi-Fi network infrastructure provider, delivering carrier-grade Wi-Fi in Southern Africa.
Vodafone sells down Vodacom stake to meet stock market regs
2017-09-07 02:00:00| Total Telecom industry news
Vodafone on Wednesday announced that it has sold a 5.2% stake in Vodacom to institutional investors, thereby meeting the minimum free float requirements of the Johannesburg Stock Exchange (JSE)…read more on TotalTele.com »
Vodacom completes Safaricom deal
2017-08-08 02:00:00| Total Telecom industry news
Vodafone this week completed the transfer of a 35% indirect stake in Kenyan arm Safaricom to its Vodacom unit. The deal increases Vodafone's holding in the South African telco to 69…read more on TotalTele.com »
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Vodacom, Bua Group, Virgin Mobile eye Nigeria's 9mobile - report
2017-07-24 10:28:00| Telecompaper Headlines
(Telecompaper) Bua Group, Virgin Mobile of the UK, Vodacom of South Africa and other investors have expressed an interest in acquiring 9mobile, ThisDay reported. The Nigerian operator, which recently launched a new logo and brand identity as 9Mobile, is said to be open to new investors willing to invest heavily in such a way that it will have the required amount of money to offset its USD 1.2 billion bank loan. According to the daily, Bua Group, Virgin Mobile and Vodacom, amongst other investors, have indicated their interest in investing in 9Mobile and fully acquiring the telecoms company.
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