Vodafone Group
Could Vodacom Unseat Rival MTN After These 2 Massive Acquisitions?
Image sourced from SABC News. Vodacom South Africa has announced two major acquisitions today – the buying of a 55% controlling stake in Vodafone Egypt, the North African country’s largest telecom, and a major move in SA’s local fibre market through a new deal with Vumatel and Dark Fibre Africa (DFA) that will see a co-controlling interest in the hands of Vodacom. Currently the third-largest telecom company in Africa, these two acquisitions better position Vodacom to unseat long-time rival MTN as Africa’s top telecom. The Vodafone Egypt Deal Vodacom Group South Africa is reportedly entering the North Africa market for the first time ever after announcing that it will seek to acquire Vodafone Egypt from Vodafone Group for $2.7-billion. Vodafone Group, a UK-based mega-corp, is the parent com...
Vodafone Foundation to Expand ‘Ambulance taxi’ Programme in Africa
The Vodafone Foundation has announced that it will commit $28 million to expand its ‘ambulance taxi’ programme beyond Tanzania for the first time to sub-Saharan African countries. The programme is expected to initially expand to Lesotho, with a co-investment of $4.5 million by the Foundation and the Government of Lesotho. Lesotho has one of the highest rates of maternal mortality in the world, and the programme could potentially save 200 lives over the next four years alone. “Vodafone Foundation shares the commitment of the Government of Lesotho to reduce maternal mortality and contribute to the UN’s health goal. Our long-term investment of US$28 million to expand m-mama within sub-Saharan Africa will save the lives of thousands of women through an emergency service that governments can af...
