Bloomberg News

Vodacom, Cell C May Miss Out on Network Expansion, Report Says

December 20, 2011

Dec. 20 (Bloomberg) -- Vodacom Group Ltd. and Cell C Pty Ltd. may not be able to expand their wireless broadband networks in South Africa next year because they don’t have enough black shareholders, Business Report said, citing Dina Pule, Minister of Communications.

Black ownership of more than 30 percent is required before South Africa’s telecommunications regulator will allocate additional bandwidth, the Johannesburg-based newspaper said, citing a government directive.

To contact the editor responsible for this story: Renee Bonorchis at rbonorchis@bloomberg.net


Monsanto vs. GMO Haters
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus