Investor Relations Press Releases
Displaying 1 to 10 of 15 articles:
Vodacom completes Gateway acquisition
Wednesday, 31 December 2008 Vodacom Group is pleased to announce the completion of the acquisition of the carrier services and business network solutions subsidiaries of Gateway Telecommunications SA (Pty) Ltd ("Gateway"). This transaction, originally announced on 29 August 2008, has received approval from the competition authorities in South Africa and Tanzania and from the South African Reserve Bank.
Vodafone to acquire an additional 15% stake in Vodacom Group
Thursday, 6 November 2008 Vodafone has agreed to acquire an additional 15% stake in Vodacom Group (Proprietary) Limited ("Vodacom Group") from Telkom SA Limited ("Telkom") for a cash consideration of ZAR22.5 billion (c.£1.4 billion) less the pro rata consolidated attributable net debt of Vodacom Group of approximately ZAR1.55 billion (c.£0.1 billion). The transaction will increase Vodafone's shareholding in Vodacom Group from 50% to 65%. Vodacom Group will be listed on the Johannesburg Stock Exchange ("JSE") and the remaining 35% of Vodacom Group will be demerged by Telkom to its shareholders.
Vodacom acquisition of Gateway
Friday, 29 August 2008 Vodacom has agreed to acquire the carrier services and business network solutions subsidiaries of Gateway Telecommunications SA (Pty) Ltd ("Gateway") for an enterprise value of approximately US$675 million plus a makewhole payment of approximately US$25 million in relation to Gateway's high-yield bond.
Vodacom acquires a shareholding in StorTech
Tuesday, 26 August 2008 Vodacom is pleased to announce the acquisition of a shareholding in Storage Technologies Services (StorTech), a managed enterprise data centre services company providing a range of storage and security services. Vodacom (Pty) Ltd has purchased 51% of StorTech; approximately 31% will remain with StorTech's BEE partners and approximately 18% with StorTech's management.
Vodacom announces details of its R7.5bn broad-based BEE transaction
Tuesday, 29 July 2008 Vodacom is pleased to announce the details of its broad‐based BEE transaction. This follows the company's announcement of its intention to implement a BEE transaction on 10 March 2008 and the announcement of the preferred strategic partners on 24 April 2008.
Vodacom Statement: BEE Transaction
Wednesday, 23 July 2008 Vodacom is aware of the emails in circulation regarding Vodacom's proposed BEE Transaction. These emails have not been released or authorised by Vodacom. Accordingly, the information in the emails should not be relied on. Details in respect of the BEE Transaction will be properly communicated to the public at the appropriate time.
Vodacom results for the period ended June 30, 2008
Tuesday, 22 July 2008 Vodacom results for the period ended June 30, 2008 Group revenue increased by 14.5% year on year for the quarter ended June 30, 2008, while customers increased by 6.6% since June 30, 2007.
Vodacom announces the appointment of Pieter Uys as CEO
Friday, 11 July 2008 The Chairman of the Vodacom Group, Mr. Oyama Mabandla, is pleased to announce the appointment of Pieter Uys to the position of Vodacom Group CEO, succeeding Alan Knott-Craig. Mr. Uys, a 15 year veteran of the group and current Chief Operating Officer, will take over from Mr. Knott-Craig with effect from 1 October 2008.
Vodacom invests in online social media community; Zoopy.com
Thursday, 26 June 2008 Vodacom, South Africa's Leading Cellular Network, today announced that it has secured a stake in Zoopy.com, a South African-based social media community website.
Agreements signed with strategic partners for broad-based BEE transaction
Monday, 23 June 2008 In April Vodacom announced that Royal Bafokeng Holdings and Thebe Investment Corporation had been selected as its preferred strategic partners to participate in Vodacom South Africa's broad-based BEE transaction. Vodacom is pleased to announce that transaction agreements were signed with both parties on 20 June 2008.
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