🔒 Etisalat weighs investment in Vodafone’s African business
Emirates Telecommunications Group Co. is examining a possible investment in Vodafone Plc’s African business – seeking to advance its global footprint.
Emirates Telecommunications Group Co. is examining a possible investment in Vodafone Plc’s African business – seeking to advance its global footprint.
No decision has been made as yet, but listing will be an option considered if that will be the best approach to unlock value, said Ralph Mupita.
Vodacom has seen soaring data usage in South African homes. Focus has turned to spectrum auctions and licence bids.
With nano lending Vodacom plans to give people $2 or $3 loans to buy food when needed, which they must pay back within a few days.
Vodacom fell the most in more than two months after the wireless carrier with the most South African customers reported falling sales in its home market.
Vodacom Group Ltd. said first-half earnings improved after the wireless carrier with the most South African customers saw accelerated data sales and a pick-up in international markets.
Vodacom’s full-year earnings missed estimates after Africa’s biggest wireless carrier by market value invested heavily in its network and integrated the acquisition of a stake in Kenya’s Safaricom.
MTN is focused on laying the groundwork for an initial public offering of its Nigerian business and should complete the process in the next six months.
Naspers is seeking partnerships with mobile-phone operators on the continent to boost its video-on-demand business and help compete with Netflix.
With apologies to Noel Coward’s 1935 classic, Mrs Worthington should no longer switch her daughter from the stage to the bank. Mobile phone companies are a better bet.