Feeds

Vodafone to increase Vodacom stake

Emerging markets

Choosing a cloud hosting partner with confidence

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. ®

Secure remote control for conventional and virtual desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?