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Sunday, April 19, 2009

Challenge to Vodafone’s South African takeover

Vodafone’s plans to take control of Vodacom, its 50/50 South African partnership with state-controlled Telkom SA, is facing a legal challenge. The South African government agreed last year to sell an extra 15% to Vodafone, but the Communication Workers Union is going to court on Tuesday in an attempt to block the deal. It’s unhappy that control is being given to a foreign company. [Source: FT.com; TheTimes.co.za]

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1 comments on article "Challenge to Vodafone’s South African takeover"

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Mark

5/18/2009 8:26 PM

The deal has gone ahead: news.bbc.co.uk/1/hi/business/8055663.stm

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