Thursday, 9 October 2008

Vodafone set to control South African mobile company

Vodafone has confirmed that it's planning to buy a 15% stake in South Africa's Vodacom from Telkom SA Limited. This would give it 65% of Vodacom, which currently operates in South Africa, Democratic Republic of Congo, Lesotho, Mozambique and Tanzania. It's a deal that's been rumoured for quite a while. [Press release]

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