Vodacom Group is readying to introduce mobile satellite internet terminals – a service that would put the telco in direct competition with Starlink in a race to connect tens of millions of unserved and underserved mobile customers across Africa. The hope of getting hundreds of millions of users connected to high-speed mobile broadband in Africa’s...
Vodafone Egypt contributed $420 million to Vodacom Group’s service revenue for the period of consolidation from 8 December 2022 to 31 March 2023. This, as the South African-headquartered Vodacom Group rang in convincing performance for the year ended March. The pan-African telco, with presence in seven countries, reported its annual performance today, applauding its newest...
Vodacom said its acquisition of Vodafone Egypt has helped lift the Group’s performance in Q3 FY 2023, and it expects the latest addition to play a transformative role going forward. ITWeb reported on Vodacom Group’s financial performance for this period, which included revenue from the deal. As ITWeb explained, Vodacom Group took control of Vodafone Egypt...
Emirates Telecommunications Group, also known as Etisalat, is exploring a potential investment in Vodacom Group as it seeks to boost its international footprint, people familiar with the matter said. The Abu Dhabi carrier is studying the feasibility of an offer for part or all of Vodafone Group’s stake in Johannesburg-listed Vodacom, the people said, asking not...
Vodacom Group has released its results for the three months ending 30 June 2022, with CEO Shameel Joosub noting that the company delivered a ‘resilient first quarter performance despite the turmoil in financial markets and uncertainty about the recovery of the global economy’. In its fiscal first quarter, Vodacom reported group revenue of ZAR26.056 billion (USD1.559 billion),...
The Vodacom Group is set to spend another ZAR 500 million on batteries because of continuous power cuts, ITWeb reported. CEO Shameel Joosub has decried the frequency of load-shedding by power utility Eskom, saying the power cuts have become a “big issue” for the telecoms industry, as it affects the quality of service. Joosub’s concern...
Vodacom South Africa has announced two major acquisitions today – the buying of a 55% controlling stake in Vodafone Egypt, the North African country’s largest telecom, and a major move in SA’s local fibre market through a new deal with Vumatel and Dark Fibre Africa (DFA) that will see a co-controlling interest in the hands...
Vodacom Group has agreed terms with Vodafone to acquire its controlling stake in Vodafone Egypt. In a statement released to the media, Vodacom explained that subject to regulatory and shareholder approvals, it will fund the acquisition of a 55% stake in Vodafone Egypt by issuing 242 million new ordinary shares at R135.75 per share and...
