Jacqui O’Sullivan News

Shameel Joosub CEO, Vodacom

Vodafone unit mulls bid for South Africa state internet company

Vodafone Group Plc’s South African unit is considering a bid for unprofitable state-owned Internet company Broadband Infraco, as the government works toward the privatization of some assets to boost the country’s finances.

Jabu Mabuza, Chairman, Telkom

Telkom said to seek Cell C for less than $1.6B price

Telkom SA SOC Ltd. is seeking to buy mobile-phone operator Cell C Pty Ltd. for less than the 22 billion rand ($1.6 billion) value placed on the South African company by its owners, according to a person familiar with the situation.

COMESA approves Telkom, BCX $216M deal

COMESA approves Telkom, BCX $216M deal

South Africa’s fixed line operator Telkom’s proposed purchase of Business Connexion (BCX) has been approved by the Common Market for Eastern and Southern Africa, which said the ZAR 2.67 billion buyout could proceed.

MTN

MTN considering acquiring majority stake in South Africa's Telkom in bid to offer fixed-line services

MTN Group may acquire a majority holding in South Africa’s fixed-line incumbent Telkom, in a move aimed at narrowing the gap between MTN SA and Vodacom.

Telkom

Telkom's R2.7B ($234M) acquisition of South Africa's Business Connexion can still go ahead without license swap

Telkom SA SOC Ltd.’s planned 2.7 billion-rand ($234 million) acquisition of South Africa’s Business Connexion Group Ltd. is “100 percent on track” even as the phone company withdrew an application for a license transfer.