Vodacom ups stake in iBurst

18 Nov 2008

South African cellular operator Vodacom has upped its interest in wireless broadband firm WBS to 24.9%, exercising an option to acquire an additional 14.9% stake at a price of ZAR119.2 million (USD11.6 million). WBS operates 2.5GHz WiMAX networks in South Africa under the name iBurst and Vodacom is known to be keen to expand its own mobile broadband offerings using WiMAX technology.

South Africa, Rain (Multisource/WBS), Vodacom Group