Loading...
See More

Vodacom gets competitor in Moz

Nov 09 2010 07:14 Reuters

Company Data

VODACOM GROUP LIMITED [JSE:VOD]

Last traded 133.74
Change 1.77
% Change 0.01
Cumulative volume 988484
Market cap 198.00bn

Last Updated: 31/10/2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Vodacom eyes big turnaround

Vodacom hikes dividend by 64%

Vodacom launches odd-lot offers

Vodacom cleared in Gogga case

Vodacom to buy out small guys

 

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
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

sponsored content
Sanral arrogant and evasive - JPSA 2014-09-04 09:13

Lawyers representing Justice Project SA have labelled responses they received from Sanral's legal team relating to e-tolls as surprisingly arrogant and evasive.

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...