Vodafone weighing options for Vodacom - report
Vodafone is reportedly exploring options for its African business as investors ramp up pressure on the UK telecom company to boost performance.
FTSE 100
8,268.76
11:15 26/11/24
FTSE 350
4,556.18
11:15 26/11/24
FTSE All-Share
4,511.78
11:15 26/11/24
Mobile Telecommunications
2,075.02
16:59 24/01/22
Vodacom Group Ltd.
n/a
17:19 15/11/24
Vodafone Group
71.14p
11:15 26/11/24
Bloomberg cited people familiar with the matter as saying that the listed firm is working with advisers to study ways to extract more value from its 65% holding in Vodacom Group.
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, sources said.
They told Bloomberg there was no certainty the deliberations will lead to any transaction.
A representative for Vodafone told Bloomberg 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.