Mergers, Aquisitions and Financial Results - In brief

Mergers, Acquisitions and Financial Results

The board of commissioners of industry regulator the Liberia Telecommunications Authority (LTA) have approved the 100% takeover of domestic mobile network operator (MNO) Cellcom Liberia by French telco Orange Group. The buyout is being carried out via Orange Cote d’Ivoire, which agreed to acquire Cellcom Telecommunications’ Liberian subsidiary, pending regulatory approval. The board duly approved the deal on 10 February 2016, which it considers: ‘a positive move and a welcomed development for the telecommunications sector’.

South Africa’s Vodacom Group says consolidated revenues for its fiscal third quarter ending 31 December 2015 climbed 8.7% year-on-year to ZAR21.741 billion (USD1.38 billion), as data revenue surged 27.5% to ZAR520 million to represent 32.0% of overall service revenues (ZAR17.224 billion). The carrier – which has operations in South Africa, Tanzania, the Democratic Republic of the Congo (DRC), Lesotho and Mozambique – closed out last year with more than 65.2 million subscribers, up 6.8% on an annualised basis, noting too that ‘active’ data customers increased 14.5% over the twelve-month period to more than 30.3 million. Further, the carrier said that service revenue from its international operations rose 15.2% y-o-y to ZAR4.581 billion and these now account for 26.6% of Group sales.