Feeds

Vodafone to increase Vodacom stake

Emerging markets

Boost IT visibility and business value

Vodafone is to increase its stake in South African operator Vodacom to 50 per cent, according to reports, in a deal that will see it invest a further £1.35bn (around R16bn) in the company.

The UK-based operator said yesterday that it would buy up the shares of holding company VenFin for R47.25 each, around 30 per cent above market value. VenFin currently holds a 15 per cent stake in Vodacom. Vodafone then plans to sell off the company's other assets.

The remainder of the Vodacom shares are held by Telkom, the South African fixed line operator.

Vodafone appears to be concentrating its energies on emerging, rather than saturated, markets. Some 57 per cent of the South African population currently owns a mobile phone, making it a much more attractive growth prospect than, for example, Sweden, where Vodafone this week sold its operation to Norway's Telnor.

And last week, Vodafone spent £820m on a 10 per cent stake in Bharti, India’s largest mobile phone operator. ®

Maximizing your infrastructure through virtualization

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.