Vodacom Battles Lawsuits to Block Sale of Congo Mobile Stake
This article is for subscribers only.
Vodacom Group Ltd.’s efforts to sell its controlling stake in a Democratic Republic of Congo mobile-phone operator face separate challenges from its partner in the venture and a former consultant.
Lawyers for Congolese Wireless Network SPRL, which owns 49 percent of Vodacom Congo SPRL, filed an application in a Kinshasa court to stop the sale, Alieu Conteh, the chairman and founder of CWN, said. Moto Mabanga, a former consultant to Vodacom Group and director of Namemco Energy (Pty) Ltd., said he will halt any deal until he is paid a fee by Vodacom.