Vodafone finally makes an offer to Telkom SA to gain a majority stake in South African mobile operator Vodacom: related news

Vodafone finally makes an offer to Telkom SA to gain a majority stake in South African mobile operator Vodacom

Vodafone Group plc (NYSE: VOD - message board) has offered ZAR22.5 billion (US$2.5 billion) to Telkom SA Ltd. (NYSE/Johannesburg: TKG - message board) to gain a majority stake in Vodacom Pty. Ltd. , South Africa's largest mobile operator.

Vodafone agrees increase in Vodacom stake

Vodafone has succeeded in its bid to take control of South Africa's biggest mobile phone operator, Vodacom. Vodafone has finalised an agreement to buy a further 15 percent stake in Vodacom for ZAR 22.5 billion from South African fixed-line operator Telkom. The deal takes Vodafone's stake in Vodacom to 65 percent. Vodafone and Telkom have been in talks since June on the deal, which was dependent on Telkom spinning off its remaining 35 percent in Vodacom to shareholders. They have now agreed that Vodacom will be listed on the Johannesburg stock exchange in the first half of 2009. The South African government, Telkom's biggest shareholder, has agreed to support the deal, and will maintain a 10 percent stake in Vodacom for at least 12 months after the listing.

Telkom accepts Vodafone offer for Vodacom stake

Vodafone Group has announced that its ZAR25 billion (USD2.5 billion) offer to acquire another 15% stake in South African cellular operator Vodacom from Telkom South Africa has been accepted. The deal will raise Vodafone’s stake in Vodacom from 50% to 65%. Telkom is looking to offload its remaining 35% interest in Vodacom to Telkom shareholders. Vodacom has wireless operations in South Africa, the Democratic Republic of Congo, Lesotho, Mozambique and Tanzania.

Vodafone agrees to buy 15% in Vodacom for ZAR 22.5 bln

South African fixed-line operator Telkom has agreed to sell a 15 percent stake in Vodacom to Vodafone and list the rest of its holding in the mobile service provider on the stock exchange. Vodafone has offered ZAR 22.5 billion for a 15 percent stake. This would give Vodafone 65 percent of Vodacom, which is active in South Africa, the Democratic Republic of Congo, Lesotho, Mozambique and Tanzania. The bid is subject to Telkom first spinning off a 35 percent stake in Vodacom to existing Telkom shareholders and listing the company on the Johannesburg Stock Exchange. The South African government has given the green light for the proposed transaction subject to finalising the agreement. The state is the largest shareholder in Telkom, with a 38.9 percent stake.

Vodafone agrees to buy 15% in Vodacom for ZAR 22.5 bln

South African fixed-line operator Telkom has agreed to sell a 15 percent stake in Vodacom to Vodafone and list the rest of its holding in the mobile service provider on the stock exchange. Vodafone has offered ZAR 22.5 billion for a 15 percent stake. This would give Vodafone 65 percent of Vodacom, which is active in South Africa, the Democratic Republic of Congo, Lesotho, Mozambique and Tanzania. The bid is subject to Telkom first spinning off a 35 percent stake in Vodacom to existing Telkom shareholders and listing the company on the Johannesburg Stock Exchange. The South African government has given the green light for the proposed transaction subject to finalising the agreement. The state is the largest shareholder in Telkom, with a 38.9 percent stake.

Government approves Vodafone?s bid to take over Vodacom

The South African government has approved an offer from Vodafone to buy a 15% stake in Vodacom from incumbent telco Telkom, to give the British group majority control of South Africa’s mobile market leader, reports Business Day. Vodacom is currently 50% owned by Vodafone and 50% by Telkom, but the partnership has not run smoothly, and long running negotiations culminated yesterday with Telkom’s board agreeing to sell a 15% stake to Vodafone for ZAR22.5 billion (USD2.47 billion) including approximately ZAR5 billion in net debt. Telkom will then distribute its remaining 35% to its own shareholders, including the government which holds a 39% stake in the incumbent. Vodacom will then be listed on the Johannesburg Stock Exchange. The deal remains subject to the negotiation of final transaction documents, and shareholder and regulatory appr

A 4Q 2008 South Korea Mobile Operator Forecast Reveals the Hypercompetitive South...

A 4Q 2008 South Korea Mobile Operator Forecast Reveals the Hypercompetitive South Korea Mobile Operator Space has Resulted in Lower Margins for Korean Carriers DUBLIN, Ireland--(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/b0c52f/4q_2008_south_kore) has announced the addition of IE Market Research Corp.'s new report "4Q 2008 South Korea Mobile Operator Forecast, 2008 - 2010" to their offering. The hypercompetitive South Korea mobile operator space has resulted in lower margins for Korean carriers, according to new mobile operator market research report by IEMR. "While top line metrics remained strong in Korea, Margins remain under pressure in Korea, hitting a new low of 27% of service revenues for 2Q08," said Koichi Miyazawa, Principal Research Associate.

Telkom -- announcement on Vodacom

Telkom shareholders are referred to the cautionary announcements, the last of which was published on 9 October 2008, regarding the receipt by Telkom of a non- binding proposal from Vodafone. Telkom shareholders are advised that Telkom, Vodafone, various subsidiaries of Vodafone and Vodacom have signed binding transaction agreements (the "transaction agreements"), pursuant to which: *Vodafone will acquire from Telkom an additional 15% of the entire issued share capital of Vodacom for a cash consideration of ZAR22.5 billion less the attributable net debt of Vodacom as at 30 September 2008 ("the sale transaction"); *Telkom will distribute 50% of the after tax proceeds from the sale transaction to Telkom shareholders by way of a special dividend, net of any tax levied thereon ("the distribution"); *Vodacom will be converted to a public compan

Telkoms mobile plans

Telkom South Africa has revealed new details of its plans to develop its own mobile operations in Africa once it divests its stake in wireless operator Vodacom Group. As a partner in Vodacom, Telkom was prevented from making a foray into mobile services under a shareholders agreement. However, when Vodafone agreed to buy an additional 15% stake in Vodacom, and Telkom announced plans to spin off its remaining 35% in the venture to its shareholders, Telkom became free to investigate opportunities in the mobile sector.

A 4Q 2008 South Korea Mobile Operator Forecast Reveals the Hypercompetitive South Korea Mobile Operator Space has Resulted in Lower Margins for Korean Carriers

TMCNet: A 4Q 2008 South Korea Mobile Operator Forecast Reveals the Hypercompetitive South Korea Mobile Operator Space has Resulted in Lower Margins for Korean Carriers

Vodafone Offers $2.5B for Vodacom Stake

Vodafone Group plc has offered ZAR22.5 billion (US$2.5 billion) to Telkom SA Ltd. to gain a majority stake in Vodacom Pty. Ltd. , South Africa's largest mobile operator.

Vodafone Offers $2.5B for Vodacom Stake

Vodafone Group plc (NYSE: VOD - message board) has offered ZAR22.5 billion (US$2.5 billion) to Telkom SA Ltd. (NYSE/Johannesburg: TKG - message board) to gain a majority stake in Vodacom Pty. Ltd. , South Africa's largest mobile operator.

Vodafone Confirms Increasing Vodacom Investment

Vodafone has confirmed a comment from Telkom South Africa that it has made a non-binding proposal to acquire a 15% stake in their jointly owned mobile subsidiary, Vodacom. The company has offered ZAR 22.5 billion (US$2.47 billion) less the attributable net debt of Vodacom at the date of signing subject to, inter alia, the listing and unbundling of Telkom's remaining stake of 35% in Vodacom to Telkom shareholders.

Vodafone to gain control of South Africa's Vodacom

LONDON (MarketWatch) -- Vodafone Group Plc, the world's largest mobile operator by revenue, on Thursday looked set to take control of Vodacom Group after buying a further 15% stake in South Africa's No.1 mobile operator.

Vodafone offers to acquire Telkom's 15% stake in Vodacom Group for ZAR 22.5 Bln. - Update

(RTTNews) - Thursday, integrated communications services provider Telkom SA Ltd (TKG) said that a wholly owned subsidiary of the United Kingdom headquartered mobile telecommunications company Vodafone Group Plc (VOD) is seeking to acquire a 15% stake held by Telkom in Vodacom Group (Proprietary) Limited.

Vodafone buys more of South African telecom

South African phone operator Telkom agreed to sell the Vodafone a stake in Vodacom after the British operator offered a cash deal.

Vodacom upgrades 3G with Alca-Lu

South African cellco Vodacom has selected Alcatel-Lucent to design, build and deploy an upgrade of its existing 3G network. The EUR22 million upgrade project will boost the capacity and coverage of Vodacom’s UMTS and HSDPA/HSUPA networks. Alcatel-Lucent will supply its UMTS Terrestrial Radio Access Network (UTRAN) solution, including radio network controllers, node B base stations and a flexible wireless network management system. ‘Achieving an improved end-user experience with superior mobile voice and high-speed mobile broadband data services is our key objective in expanding our 3G network,’ said Andries Delport, Executive Director of Engineering and Technology at Vodacom South Africa. Vodacom is South Africa’s largest cellular operator by subscribers.

Vodafone offers new packages for mobile access to e-mail and Internet

Vodafone Romania has announced the launch of new packages providing mobile access to e-mail and Internet, minutes for national calls, as well as top handsets, at special prices. "Following the great success of our total communication offer for business customers including e-mail and Internet services, we offer now attractive mobile propositions that cover total communication needs for consumers. This consumer solution is a continuation of our successful Internet on Your Mobile service. With the new packages launched today, Vodafone customers can access anytime and anywhere, on their mobile phone, the personal e-mail account and the preferred websites, as they do on their computer. Moreover, we are pleased to offer our customers four best in class handsets, at the most competitive prices on the market, together with a combined offering of

A 4Q 2008 South Korea Mobile Operator Forecast Reveals the Hypercompetitive South Korea Mobile Operator Space has Resulted in Lower Margins for Korean Carriers

Research and Markets (http://www.researchandmarkets.com/research/b0c52f/4q_2008_south_kore) has announced the addition of IE Market Research Corp.'s new report "4Q 2008 South Korea Mobile Operator Forecast, 2008 - 2010" to their offering.

Sesca Launches iDial Mobile Community for Mobile Phone Users

of customized software for the mobile telecommunications industry, has launched iDial Mobile Community for mobile phone users. Users can download and install a free, mobile-operator independent iDial Mobile application to their compatible mobile handsets from http://www.my.idial.fi website. Users who are registered to the website can create mobile communities and communicate within the community by using iDial Mobile application's rich communications tools.

A 4Q 2008 South Korea Mobile Operator Forecast Reveals the Hypercompetitive South Korea Mobile Operator Space has Resulted in Lower Margins for Korean Carriers

DUBLIN, Ireland, BUSINESS WIRE -- Research and Markets (http://www.researchandmarkets.com/research/b0c52f/4q_2008_south_kore) has announced the addition of IE Market Research Corp.'s new report "4Q 2008 South Korea Mobile Operator Forecast, 2008 - 2010" to their offering.

A 4Q 2008 South Korea Mobile Operator Forecast Reveals the Hypercompetitive South Korea Mobile Operator Space has Resulted in Lower Margins for Korean Carriers

DUBLIN, Ireland (Business Wire) -- Research and Markets (http://www.researchandmarkets.com/research/b0c52f/4q_2008_south_kore) has announced the addition of IE Market Research Corp.'s new report "4Q 2008 South Korea Mobile Operator Forecast, 2008 - 2010" to their offering.

British telecom Vodafone to buy 4.8% in Polish mobile firm Polkomtel forEUR 176 mln

WARSAW. OCTOBER 29. INTERFAX CENTRAL EUROPE - British telephone operator Vodafone will buy 4.8% of shares in Polish mobile operator Polkomtel for EUR 176 mln, the company said in a statement Wednesday. Vodafone will buy the shares from Denmark's TDC. The transaction is set to close in the fourth quarter of this year, boosting Vodafone's shareholding in Polkomtel from the current 19.6% to 24.4%. In 2006, Polish state-controlled shareholders of Polkomtel agreed to buy the shares to which they hold the preemptive right, a stake of 14.8%, for EUR 650.5 mln. TDC said the closing of the sale to Vodafone and to Polkomtel's Polish shareholders will take place after the court lifts the injunction obtained by Vodafone earlier. TDC, which currently has 19.

DoCoMo to buy stake in Indian operator Tata

TOKYO: Japan’s NTT DoCoMo Inc. said Wednesday it would buy a 26 percent stake in Indian mobile telephone operator Tata Teleservices Ltd. for about $2.7 billion. In addition, DoCoMo will buy up to 20 percent of the outstanding common shares of Tata Teleservices (Maharashtra) Ltd, which is also part of the Tata group, through a joint tender offer with Tata Sons. “As a result of the capital alliance, the partners expect to expand mobile communication operations in the fast-growing Indian mobile market, aiming to increase operating revenue and achieve steady business growth,” it said. DoCoMo, Japan’s top mobile operator, has been on the lookout for overseas acquisitions amid fierce competition between the top players in Japan’s crowded mobile telephone market.

Vodafone to buy additional 4.8% in Polkomtel for EUR 176 mln

Vodafone has agreed to buy an additional 4.8 percent stake in Polish mobile operator Polkomtel for EUR 176 million from Danish operator TDC. The acquisition will increase Vodafone's stake in Polkomtel from 19.6 percent to 24.4 percent. Vodafone has, along with the other shareholders in Polkomtel, elected to exercise its pre-emptive rights, pro rata to its existing shareholding of 19.6 percent, over TDC's shareholding in Polkomtel, which arose following the change of control of TDC in February 2006. TDC agreed in 2006 to sell the rest of its stake in Polkomtel to the Polish shareholders, KGHM Polska Miedz, PKN Orlen, Polskie Sieci Elektroenergetyczne and Weglokoks. However Vodafone disputed the sale process and the acquisition by the Polish shareholders was suspended by a court injunction.

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