Abu Dhabi group may buy 60% stake in Vodacom, insiders say | Business

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Emirates Telecommunications Group is exploring a potential investment in Vodacom as it seeks to boost its international footprint, people familiar with the matter said. | News24_Business

The Abu Dhabi carrier is studying the feasibility of an offer for part or all of the UK group Vodafone’s stake in JSE-listed Vodacom, the people said, asking not to be identified because the information is private.

Etisalat is also weighing the possibility of combining some of its own African operations with Vodacom or buying Vodacom assets in specific countries, the people said. It’s in the early stages of weighing which path to pursue, and could also consider other forms of cooperation, according to the people.

telecom services in countries including South Africa, Tanzania and the Democratic Republic of Congo. shareholder earlier this year and is keen to leverage this position as it plots an expansion of its own business in Africa, according to the people.

 

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_Business From a once proudly South African company to this... I will stick with Telkom and will never support the coloniser and non South African companies where I have a choice not to.

_Business Vodacom is already handled by Vodafone

_Business What could possibly go wrong when an outside country organization is allowed majority stake ownership in a national mobile carrier... 😂

_Business Hope Mr please call me will be allocated to this investment

_Business Can they buy eskom ?please

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