HALISTER: Vodafone Unit Mulls Bid for South Africa State Broadband Company

Vodafone Unit Mulls Bid for South Africa State Broadband Company

(Bloomberg) -- Vodacom considering offer for unprofitable Broadband Infraco, CEO Shameel Joosub says in e-mailed comments.
  • Broadband Infraco had assets worth 2.1b rand as of March 2014, according to most recent audited financial report
  • Vodacom’s interest comes as S. Africa considers privatization of some state assets
  • Deal would make up for abandoned pursuit of Internet provider Neotel, Joosub says
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VOD LN (Vodafone Group PLC)
VOD SJ (Vodacom Group Ltd)

To de-activate this alert, click here

UUID: 7947283