Vodacom plans ZAR2.5 billion move into business market

South Africa’s largest cellular operator by subscribers, Vodacom, has announced plans to invest ZAR2.5 billion (USD323.5 million) to expand its fixed line operations via the creation of a new unit which will target corporate customers. The proposed Vodacom Business division will offer end-to-end converged solutions and services to the business market, from SMEs to larger corporations. Its activities will include the provision of leased lines and broadband internet services, as well as data support. ‘Vodacom plans to be a next generation network service provider delivering on mobile and fixed voice, video and data requirements,’ said Vodacom’s CEO, Alan Knott-Craig, in a statement. Vodacom is a joint venture between Vodafone of the UK and South Africa’s dominant wireline operator, Telkom.