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.