PCCW acquires Vodacom’s satellite unit

11 Jun 2012

Bloomberg reports that Hong Kong-based telecoms group PCCW has agreed to buy South Africa-based Vodacom Group’s satellite communications unit for USD26 million. The African satellite carrier division of Gateway Communications is being sold as part of a wider move by Vodacom to dispose of parts of Gateway, which it paid around USD700 million for in 2008, following a slump in traffic volumes, to focus on its wireless operations in southern Africa. PCCW aims to expand its international carrier unit PCCW Global’s business for multinationals and carriers in Africa.

South Africa, PCCW Group, Vodacom Group