The telecom giant’s sales rose to R18.3-billion in the second quarter with data revenue from other African countries accelerating growth.
Vodacom has planned to increase investment in the country as it speeds up the pace of network upgrades.
Congolese Wireless Networks will follow through with a lawsuit against partner Vodacom if the South African company refuses to ease fee requirements.
Telkom shareholders have agreed to sell 15% of the company’s stake in Vodacom to the United Kingdom-based Vodafone Group, Telkom said on Friday.
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/ 11 October 2007
South African fixed-line telephone operator Telkom said in a cautionary announcement on Thursday that its discussions with Vodafone and MTN are still ongoing. Telkom said discussions were part of its mobile-strategy review, and that shareholders are advised to continue exercising caution when dealing in their shares until a further announcement is made.