Vodafone's hopes in SA revived by Oger talks
Vodafone's hopes of securing control of South Africa's largest mobile phone operator have been revived by the actions of a Middle East telecoms group.
Oger Telecom, the Dubai-based company, last month made a second informal offer to become the largest shareholder in Telkom, South Africa's leading telecoms group, which has a market capitalisation of R75bn ($10.6bn).
But that offer is dependent on Telkom's selling its 50 per cent stake in Vodacom, South Africa's largest mobile operator, according to people familiar with the situation.
Vodafone owns the other 50 per cent of Vodacom, and the UK group would be the most likely buyer for Telkom's stake.Vodafone is keen to secure control of Vodacom and use it as a springboard to expand its African operations. Vodafone and Oger declined to comment.
Oger first made an informal offer to become Telkom's largest shareholder while the South African company was in talks about a deal with MTN, the continent's leading mobile operator.MTN was interested in buying Telkom's fixed line phone assets, and Vodafone held parallel talks about purchasing the South African company's stake in Vodacom.
But in November Telkom terminated the talks with MTN, after disagreements on price. It also ended discussions with Vodafone.Oger made an improved informal offer to Telkom shortly after the MTN deal collapsed Telkom said on Tuesday that it was not in discussions with Oger, but that its board "will consider the Oger approach along with other alternatives".Oger owns Cell C, South Africa's third-largest mobile operator.
Oger is seeking to become Telkom's largest shareholder, paying in part by swapping Cell C shares for shares in Telkom. There would also be a cash component to the deal. Oger is proposing Cell C would become a subsidiary of Telkom after it sells its Vodacom stake.
Source : http://www.ft.com/




Sony and Ericsson are setting up a joint venture to create a new range of mobile devices.
The battle to encourage mobile phones users to connect to the internet on the move will intensify this week when Orange, one of Britain’s biggest operators, launches cut-price data deals including “free” content.

