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Vodacom gets competitor in Moz

Nov 09 2010 07:14 Reuters

Company Data

VODACOM GROUP LIMITED [JSE:VOD]

Last traded 127.10
Change 1.59
% Change 0.01
Cumulative volume 437030
Market cap 189.12bn

Last Updated: 28/07/2014 at 03:43. Prices are delayed by 15 minutes. Source: McGregor BFA

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Maputo - Mozambique picked a unit of Vietnam's unlisted Viettel as its third mobile-phone operator, the head of telecoms regulation said on Monday.

Movitel, a unit of Viettel that includes a consortium of Mozambican investors, beat two other firms with its $29m bid, Isidore Pedro da Silva, the chairman of the National Institute of Communications told state television.

The two other bidders were TMM, a unit of Portugal Telecom, and UNI-Telecom, a joint venture between Angola's Unitel SA and Mozambique's Energy Capital SA.

Da Silva said the winning bid was awarded on technical capacity, not only price. Unitel had proposed $33m, while Portugal Telecom had bid $25m, he said.

A total of 22 firms originally bid for the license.

Movitel will enter a market dominated by Mozambique Cellular and Vodacom Mozambique, a unit of South Africa's Vodacom Group [JSE:VOD].

vodacom  |  mozambique
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