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Vodacom

Telkom says refocusing business will take 2 years

Africa’s largest fixed-line operator Telkom said it would take at least two years to refocus the company in South Africa after selling its mobile unit Vodacom, reports Reuters.

Vodafone facing South African court hurdle

The Financial Times reports that Vodafone faces an unexpected hurdle in its plans to advance into Africa through spending US$2.5 billion to acquire control of South Africa’s biggest mobile operator Vodacom after a trade union sought an urgent court order to block the deal.

Court rejects attempt to block Vodacom deal

Vodafone has survived a last-minute attempt by South Africa’s trade unions to block its acquisition of a controlling stake in the country’s largest mobile operator, Vodacom.

Vodacom warns for lower net profit, impairment charge in H1

Telecompaper notes that South Africa-based mobile operator Vodacom expects its latest headline earnings per share (HEPS) to be between 10 percent and 20 percent lower than last year.