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Vodafone scotches rumours of MTN bid
Rumours that Vodafone is preparing a £19 billion bid for MTN, Africa's largest mobile phone operator, have been denied by the British-based company.
It would be forgivable for Vodafone to believe that MTN is an attractive proposition as its portfolio includes operations in South Africa, Nigeria, Ghana and Uganda, as well as several countries in the Middle East. However, a spokesman for Vodafone said yesterday: "We have no intention of pursuing a bid for MTN." Purchasing MTN would have been the largest deal done by Vodafone's chief executive Arun Sarin since he took over the hot seat from Sir Christopher Gent six years ago. Vodafone already has Africa has been targeted by mobile companies which see Western markets as becoming saturated. Countries such as Nigeria are among the fastest-growing mobile markets on the planet, with low-end, no-frills handsets proving particularly popular. Vodafone News posted on 12/05/2008 11:04:08 Have your say!Vodafone shares plummet
Vodafone shares have plummeted this week as the company released trading figures which show how the industry is being affected by the credit crunch.
Vodafone could become biggest provider in US
Vodafone is on the brink of becoming the biggest mobile phone company in the US, if new reports are to be believed.
Vodaphone weighs up new Vodacom bid
Mobile telecoms provider Vodafone has confirmed that it is in talks with the South African company Telkom to purchase a further 12.5 per cent stake in the two companies joint venture Vodacom, according to reports.
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