Vodacom delays JSE listing

Due to a delay in the fulfilment of all the conditions precedent to its sale transaction, mobile carrier Vodacom said on Friday it now expects to list on the JSE on Monday 18 May 2009.

Vodacom on Friday confirmed that all the conditions precedent to the sale transaction in terms of which fixed line operator Telkom will dispose of 15% of the issued ordinary share capital in Vodacom to Vodafone Holdings Limited have now been fulfilled.

"Vodacom Group’s listing on the JSE Limited on Tuesday 5 May 2009 was conditional on all conditions precedent to the sale transaction being fulfilled by Tuesday 2 April 2009," the company explained.

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