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.


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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