The equipment is also taxed. Nonetheless, it must be noted that operators were granted exemptions in the past. The telecommunications industry in the DRC is also subject to a ministerial decree promulgated during the financial year requiring the registration of the entire customer base of all network operators.
This decree required prescribed particulars of all customers to be obtained and maintained by 30 June Verbal extension was obtained initially to 31 December and subsequently further extended to 30 June The Group is making every effort to obtain the required information within the allowed timeframe, but believes it is unlikely that the Group will meet all the requirements in time.
The Group continues to engage with the relevant ministries on this matter and is presently unable to reliably assess the potential impact on the Group in the event of partial non-compliance. In Vodacom became the first service provider in southern Africa to announce budget cuts after its international operations suffered a drop in revenue over the past quarter.
The company said it is cutting back on its budget in the DRC and Tanzania after the mobile market in the two countries were hit by intense competition, weak economic conditions and higher excise duties. On 8 April the Group entered into a construction and maintenance agreement and supply contract for the building and laying of the West Africa Cable System "WACS" submarine cable, resulting in the Group becoming a co-owner in the consortium that owns and operates the WACS submarine cable.
Vodacom's presence in Africa was strengthened with the acquisition of Gateway on 30 December , which has customers in 40 countries in Africa, providing communications services to multi-national companies and telecommunications network operators.
In addition, Vodafone has agreed to use Vodacom as its exclusive investment vehicle in sub- Saharan Africa. Research Research Research activity and project outlines. About IDE. All rights reserved. Show password. Add to my list Report. Ethiopia expects second telecoms operator to start in Q1 next year. Business Summary. Number of employees : 7 people. Sales per Business. Sales per region. Mohamed Aziz-Joosub. Sakumzi Macozoma. Phuti Mahanyele-Dabengwa.
Clive Bradney Thomson. John-Paul Davids. Sandi F. Members of the board. John William Lorimer Otty. Markets and indexes. Company contact information. The dispute between Vodafone and Telkom South Africa over shareholding in Vodacom Group seems to be dying down after the South African government yielded and accepted Vodafone's latest bid.
Vodafone has made a nonbinding proposal to acquire a 15 percent stake in Vodacom Group for a cash consideration of The agreement is subject to the listing and unbundling of Telkom's remaining 35 percent stake in Vodacom to Telkom shareholders.
Telkom SA owns 50 percent of Vodacom, and Vodafone owns the other half. As a result of the deal, Vodafone's ownership in Vodacom will increase to Shameel Joosub, Vodacom's chief executive, said he expects the deal to accelerate Vodacom's medium-term operating profit growth into double digits. He said the transaction gives the company exposure to a young, growing and largely unbanked population.
Joosub said of the company's mobile money offerings. Vodacom had
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