Vodacom eyes African expansion
Johannesburg - South Africa's leading cell phone operator Vodacom is looking for expansion opportunities in Algeria, Nigeria, Ghana and Angola, its chief operating officer Pieter Uys said on Wednesday.
Vodafone's chief executive for Eastern Europe, Africa, Asia Pacific and affiliates, Paul Donovan, also told an investors day that Vodacom would remain the British company's vehicle for expansion in Africa.
Donovan also said Vodafone and joint Vodacom owner Telkom would sell an equal amount of Vodacom shares to black investors under a planned deal to comply with South Africa's affirmative action drive, but said the timing and nature of the deal had not been finalised.
News was from www.news24.co.za
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