TITLE

Vodafone Wants $2.5B Stake in Vodacom

AUTHOR(S)
Medford, Cassimir
PUB. DATE
October 2008
SOURCE
Red Herring;10/10/2008, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Telkom, the largest fixed-line operator in South Africa, to sell 15 percent of its stake in Vodacom to Vodafone, which will give the Great Britain operator the controlling interest in Vodacom. Vodafone will pay approximately $2.5 billion for the additional 15 percent stake. According to Martin Mabbutt, analyst with London-based Nomura, the deal will not be viewed as cheap but in sharing control with Telkom, Vodafone was hampered in many ways in the operation of Vodacom.
ACCESSION #
36602981

 

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