MTN mulls Vodacom DRC acquisition - Bloomberg

MTN in talks to acquire Vodacom's stake in DRC joint venture - report
MTN is reported to be interested in buying Vodacom's stake in Vodacom Congo SPRL.
MTN is reported to be interested in buying Vodacom's stake in Vodacom Congo SPRL.

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South Africa’s MTN Group is in talks to acquire Vodacom's mobile operation in the Democratic Republic of Congo, according to a report from Bloomberg.

According to the report, which cited two people familiar with the deal, MTN is part of a bidding process for Vodacom Congo SPRL, which is 51% owned by Vodacom Group Ltd.

MTN made a presentation to Vodacom last week, one of the sources told Bloomberg.

Vodacom has been in a dispute with the DRC operation’s local partner, Congolese Wireless Network SPRL, over funding and structural issues since 2010, according to Bloomberg. The dispute followed a $484 million capital injection into the business by Vodacom, the report added.
 

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