Vodafone sells down shareholding in South Africa’s Vodacom

Vodafone has sold down its stake in South African subsidiary Vodacom by 5.2 percentage points, it announced on Wednesday, sending the African mobile firm’s share price down by more than 6 percent. The sale of 90 million shares for 14.85 billion rand ($1.15 billion) in a private placement reduces Vodafone’s stake in Vodacom to 64.5 […]

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S.Africa allows telecoms operators to keep broadband spectrum until 2028

Six South African telecom companies, including MTN Group and Vodacom, will be able to keep their in-demand broadband spectrum until their licences expire in 2028 after agreeing to buy at least 30 percent of the government’s new Wireless Open Access Network, the communications minister said on Thursday. Minister Siyabonga Cwele told journalists an agreement was […]

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