Vodacom eyes African opportunities

11 Dec 2006

Vodacom has revealed that it is targeting an expansion to a number of new markets across Africa now that a shareholder agreement limiting its growth has been lifted. Last month Vodacom shareholder Vodafone agreed with co-owner Telkom South Africa to lift restrictions on the cellco’s growth, which had meant it was unable to expand beyond southern Africa. Vodacom is now targeting opportunities in Algeria, Ghana, Nigeria and Angola, according to a report from Cellular News. Vodacom has also revealed that both Vodafone and Telkom will be offloading an equal number of shares to allow a black investor group to take an unspecified stake in South Africa’s largest mobile operator.

South Africa, Vodacom Group