Eskom dials up Vodacom
06 May 2015 - 02:13
The Public Investment Corporation is gearing up to buy part or all of the government's R30.5-billion stake in cellphone network operator Vodacom, according to sources. The PIC, which manages government workers' pension funds and already owns 3.19% of Vodacom, is hiring advisers for a deal that could make it Vodacom's second-biggest shareholder after the UK's Vodafone, said one source.
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