• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Vodafone exploring options for $14bn African Unit

3 years ago
in Business, Features, highlights, Home, home-news, latest News, Telecom
1 min read
0 0
0
130
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Vodafone exploring options for $14bn African Unit

Vodafone Group Plc is exploring options for its African business as investors ramp up pressure on the UK telecom company to boost performance, people familiar with the matter said.

The London-listed firm is working with advisers to study ways to extract more value from its 65% holding in Vodacom Group Ltd., the people said, asking not to be identified as the matter is private. The early-stage considerations range from merging the business with other operators or divesting some assets in certain markets, to selling a stake in the company, the people said.

Vodacom has a market value of about $14.4 billion on the Johannesburg bourse after declining about 17% in the last 12 months. Vodafone is down almost 30% in that time period, valuing it at £26.8 billion ($32.2 billion).

While Vodafone has always seen the African unit as a core part of the group, the exercise shows that it’s willing to study a wide range of alternatives as it casts around for a way to stem a decline in its shares. Billionaire John Malone’s Liberty Global Plc disclosed a 4.9% stake in Vodafone on Monday, joining other strategic investors French billionaire Xavier Niel and state-backed Emirates Telecommunications Group Co., formerly known as Etisalat and now called e&.

There’s no certainty the deliberations will lead to any transaction. A representative for the UK carrier said that Vodacom “is a strong business that is an important part of Vodafone” and there are no ongoing discussions about a potential sale. A representative for Vodacom declined to comment.

Etisalat, which is Vodafone’s largest shareholder, has been exploring a potential investment in Vodacom, Bloomberg News reported in December. It has been studying the possibility of buying Vodafone’s stake in Vodacom or merging its own African operations with Vodacom, people with knowledge of the matter said at the time. Vodafone’s holding in the African business may also attract interest from other bidders, according to the people.

RelatedPosts

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

Wall Street Forecasts Oil in the $50s Next Year

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

Vodafone has been selling assets and replaced its chief executive Nick Read late last year as it has come under attack from activist investors due to its poor performance. Last year, it sold a stake in Frankfurt-listed Vantage Towers AG unit to a private equity consortium in a deal valuing the business at €16.2 billion ($17.3 billion).

The British company has been consolidating its interests on the continent under Vodacom, which provides services in countries including South Africa, Tanzania and the Democratic Republic of Congo. Vodafone’s stake in Vodacom increased to 65% after it completed the sale of its Egyptian business to the the South African unit, according to a regulatory filing Monday.

Source: bloomberg
Via: norvanreports
Tags: VodafoneVodafone exploring options for $14bn African Unit
No Result
View All Result

Highlights

Joe Jackson Warns BoG’s 10% NPL Target Could Squeeze SME Lending

SOEs Record 28.3% Revenue Growth But Post GHS 9.67bn Net Loss in 2024 – SIGA Report 

Three SOEs Make First Dividend Payment of GHS 29.3m in 30 years

Gov’t Misses T-Bills Target by GHS 3.38bn as Investor Appetite for Debt Shifts to BoG Securities

Tough but Right: Will BoG’s Currency Crackdown & NPL Clean-Up Fix the Economy or Freeze Growth?

Equities Retreat as MTN Drags Composite Index Lower

Trending

Business

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

September 1, 2025

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans Over the past decade, the Gulf...

Wall Street Forecasts Oil in the $50s Next Year

September 1, 2025

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

September 1, 2025

Joe Jackson Warns BoG’s 10% NPL Target Could Squeeze SME Lending

September 1, 2025

SOEs Record 28.3% Revenue Growth But Post GHS 9.67bn Net Loss in 2024 – SIGA Report 

September 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.