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Tag: zar
Blue Label offers ZAR 5.5 bln for 45% stake in Cell C
2016-10-05 10:45:00| Telecompaper Headlines
(Telecompaper) South Africa's Blue Label Telecoms has agreed to pay ZAR 5.5 billion to acquire 45 percent of mobile operator Cell C. The company said that it will increase its stake in Cell C from the 35 percent it originally announced in December 2015.
Vodacom Group quarterly revenue grows 5.8% to ZAR 19.9 bln
2016-07-21 10:56:00| Telecompaper Headlines
(Telecompaper) Vodacom Group's revenue increased by 5.8 percent to ZAR 19.9 billion for the quarter ended 30 June compared to ZAR 18.81 billion in the same period in 2015. Service revenue rose by 7.3 percent to ZAR 16.81 billion.
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Liquid Telecom buys Neotel for ZAR 6.55 bln
2016-06-28 08:33:00| Telecompaper Headlines
(Telecompaper) Tata Communications and minority shareholders led by Nexus Connexion have agreed to sell South African operator Neotel to Liquid Telecom for ZAR 6.55 billion. Liquid Telecom is partnering with Royal Bafokeng Holdings (RBH), a South African empowerment investment group, which has committed to take a 30 percent equity stake in Neotel.
Vumatel to invest ZAR 3bln in fibre-to-the-home
2016-06-17 09:59:00| Telecompaper Headlines
(Telecompaper) South Africa's Vumatel will invest SAR 3 billion in fibre networks in the next two to three years, which will see many areas in Cape Town getting fibre-to-the-home services. Vumatel CEO Niel Schoeman told MyBroadband that they have already passed 33,000 homes with their FTTH service, and plan to grow this number to over 100,000 in 2016. Schoeman said they have started their construction in Tamboerksloof and Gardens in Cape Town. The areas which will get Vumatel fibre access in 2016 include: Tamboerskloof; Gardens; Oranjezicht; Higgovale; Vredehoek; and Devil's Peak
Vodacom Group FY revenue rises 7.5% to ZAR 80 bln
2016-05-16 09:55:00| Telecompaper Headlines
(Telecompaper) Vodacom Group posted a 7.5 percent increase in its revenue to ZAR 80.01 billion for the year ended 31 March from ZAR 74.50 billion in the previous year, supported by strong demand for devices, particularly smartphones. Preliminary results show that service revenue increased 7.4 percent to ZAR 66.76 billion, underpinned by improved trends in voice revenue and data revenue growth of 28.5 percent. Data revenue contributed 31.9 percent of group service revenue, up from 26.7 percent a year ago.