Companies / South Africa
Vodacom Free To Explore New Opportunities
November 2006 | Company Finance AlertSouth Africa's leading mobile operator Vodacom has been freed from restrictions held in place by an agreement it has with UK-based mobile giant Vodafone, its 50:50 joint owner with fixed-line operator Telkom, regarding its M&A activities. Under the terms of the original agreement, Vodacom was prohibited from seeking out opportunities for growth in Africa. Vodacom was unable to act as a direct competitor to Vodafone for tenders in the region, but allowed to jointly enter bids with the UK operator. Now, however, Vodafone has said that these rules no longer apply, although the countries of Kenya and Egypt continue to
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