TITLE

Vodafone Moves to Control South African Carrier

AUTHOR(S)
Schachter, Ken
PUB. DATE
November 2008
SOURCE
Red Herring;11/6/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that mobile telecommunications network company Vodafone Group plans to increase its 50 percent stake in South Africa wireless provider Vodacom Group by acquiring an additional 15 percent. Vodafone, which holds a 45 percent stake in Verizon Wireless, would buy the additional stake from Telkom SA, the Pretoria-based telecommunications carrier. The deal calls for Vodacom to be listed on the Johannesburg Stock Exchange and the distribution of Telkom's remaining 35 percent stake in Vodacom to its shareholders.
ACCESSION #
36586118

 

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