Business
Vodacom shopping for Malawi’s Telekom Networks
Monday, September 19, 2011
Vodacom of South Africa is currently in discussions with Telekom Networks Malawi Ltd. (TNM) about buying a stake in the company.
This has been revealved by the Daily Times, citing people it didn’t identify.
TNM officials were not immediately available for comment.
Vodacom is the dominant mobile carrier in South Africa, but is dwarfed on the continent by rival MTN Group. In addition to its home market, it has operations in Tanzania, the Democratic Republic of Congo, Mozambique and Lesotho.