Vodacom's monster growth problem
Here’s the trouble when you’re king of the castle… you run out of ways to grow… fast
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Here’s the trouble when you’re king of the castle… you run out of ways to grow… fast
So he said nothing about 5c per MB ?
New data prices will be announced at the Cpt meet and will only apply to those present.![]()
New data prices will be announced at the Cpt meet and will only apply to those present.![]()
In the past few months, Vodafone has also completed the purchase of 70% of Ghana Telecom (GT) for $900m. Ironically, it was competing against Vodacom in the sale process. None of the twenty investors in an auction last year were willing to pay over $500m for the stake, which means that Vodafone overpaid for GT. What Vodafone's going to do with GT remains to be seen (for now, it's installed a foreign CEO). Ghana Telecom may end up reporting to London, another market off limits to Vodacom.
Nigeria remains frustratingly elusive. Vodacom was active in the market in the early part of this decade (by managing an operator) but then exited. Alan Knott-Craig, who retired as Vodacom CEO recently, has said that one of the "toughest things" he "faced at the company was having to exit Nigeria after ... shareholders lost their appetite for investing in that country."