Vodacom remains valuable asset
Vodafone has made its intensions to increase its current 50% stake in Vodacom clear, but Telkom says that it is not overly keen to dispose of its 50% share of Vodacom.
At a recent Telkom presentation the CEO Reuben September said that the company will only dispose of Vodacom if a “compelling strategic rationale convinces us to do so”.
September said that all alternatives will be measured against the full value of Vodacom and that “the point of exit, if at all, will be determined by the alternative value comparison.”
The Telkom CEO said that they have identified a number of attractive alternative opportunities, and leveraging the value created in Vodacom to expand globally remains an important consideration for the company.
September said that there are currently no firm offers for Vodacom and the Vodafone offer was linked to other conditions.
Discuss Telkom's Vodacom shareholding
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