ISSUE 203: VODACOM RENAMES ECONET NIGERIA AND SNAPS UP 51% OF DISTRIBUTOR SMARTCALL
While it is true that Vodacom Group (Pty) Ltd has acquired a 51% equity stake in Smartphone SP (Pty) Ltd trading as Smartcall and also signed a five-year management contract with Econet Wireless Nigeria (EWN), we would like to point out the following:
Your article, which is titled: "Vodacom renames Econet Nigeria and snaps up 51% of distributor Smartcall" paints the picture that these two transactions are related. The truth is the acquisition of a 51% stake in Smartcall is only relevant to the South African operation. It has nothing to do with the management contract Vodacom has signed with EWN.
We would appreciate if you could correct the impression that might have been created in the minds of your readers regarding the two above-mentioned transactions.
Public Relations Manager
Vodacom Corporate Communications
Vodacom Group (Pty) Ltd