A recap of Vodacom’s formation.
Vodacom was incorporated in 1993 as a joint venture between Telkom (50%), Vodafone (35%) and VenFin (15%).
1993, Vodacom was awarded a mobile cellular telecoms licence in SA and launched commercial services in 1994.
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Vodacom was incorporated in 1993 as a joint venture between Telkom (50%), Vodafone (35%) and VenFin (15%).
1993, Vodacom was awarded a mobile cellular telecoms licence in SA and launched commercial services in 1994.
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1996, Vodafone and VenFin sold a 5% stake in Vodacom Group to a BEE company, Hosken Consolidated Investments for R118 million.
2002, Hosken made a killing when it sold the 5% stake back to Vodafone and VenFin for R1.5 billion.
2002, Hosken made a killing when it sold the 5% stake back to Vodafone and VenFin for R1.5 billion.
VenFin (then venture capital subsidiary of Rembrandt) looked around and realised that there is money to be made here.
2006, VenFin wanted out of the joint venture. Telkom didn't put up a fight. Vodafone had a clear landing strip.
Vodafone bought Venfin’s 15% stake for ~R16bn.
2006, VenFin wanted out of the joint venture. Telkom didn't put up a fight. Vodafone had a clear landing strip.
Vodafone bought Venfin’s 15% stake for ~R16bn.
As a result of Vodafone acquiring VenFin's 15% stake, its shareholding in Vodacom grew to 50%.
In 2008, Telkom sold 15% of its Vodacom stake to Vodafone for ~R22.5bn and distribute the remaining 35% to its shareholders through Vodacom’s JSE listing.
Vodafone now owned 65%.
In 2008, Telkom sold 15% of its Vodacom stake to Vodafone for ~R22.5bn and distribute the remaining 35% to its shareholders through Vodacom’s JSE listing.
Vodafone now owned 65%.
Vodafone became the parent company of Vodacom and Vodacom rebranded (changed colours).
R400 million was spent on the rebranding campaign split over 2 FYs.
Separation of Absa Group from Barclays was more expensive. Barclays contributed R12.6bn in 2017 towards the 3yr separation.
R400 million was spent on the rebranding campaign split over 2 FYs.
Separation of Absa Group from Barclays was more expensive. Barclays contributed R12.6bn in 2017 towards the 3yr separation.
Nov 2021,Vodacom announced that it is buying Vodafone’s 55% stake in Vodafone Egypt for R41bn.
• 80% of R41bn was settled by the issue of 242m new Vodacom shares at R135.75/share to Vodafone, and • • 20% paid in cash of ~R8.2bn.
Vodafone’s stake in Vodacom increased 65.1%.
• 80% of R41bn was settled by the issue of 242m new Vodacom shares at R135.75/share to Vodafone, and • • 20% paid in cash of ~R8.2bn.
Vodafone’s stake in Vodacom increased 65.1%.
Closing fun fact;
Vodafone holds the record for the highest dividend ever paid in the UK. Vodafone paid £18bn to its shareholders in 2014.
Vodafone holds the record for the highest dividend ever paid in the UK. Vodafone paid £18bn to its shareholders in 2014.
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