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Last $12.38 USD
Change Today -0.02 / -0.16%
Volume 5.7K
VDMCY On Other Exchanges
Symbol
Exchange
Johannesburg
OTC US
OTC US
Frankfurt
As of 8:10 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

vodacom group ltd-sp adr (VDMCY) Key Developments

Vodacom Announces Executive Changes

Romeo Kumalo has resigned as chief operating officer of international business at Vodacom. Vodacom's international chief operating officer Romeo Kumalo will leave the group at the end of May after having been with the company for over a decade. Kumalo joined Vodacom in August 2004 as group executive of strategic business development. He then went on to become MD of Vodacom Tanzania and was appointed chief commercial officer at Vodacom SA in April 2007.

Vodafone Group Mulls Acquisition Of Vodacom

Vodafone Group Public Limited Company (LSE:VOD) is seeking acquisition of Vodacom Group Limited (JSE:VOD) from South African government. Vittorio Colao, Chief Executive Officer of Vodafone Group Public Limited Company, has revealed that despite speculation that the South African government is planning to sell its 13.9% stake in Vodacom to fund energy utility Eskom, Vittorio Colao has had no discussions with government leaders on the subject, as reported by BusinessTech. Vittorio Colao reportedly hinted that Vodafone Group Public Limited Company is open to talks with the South African government regarding a proposed sale. 'I personally haven't had any discussion on that topic. We are happy where we are. We are happy with the current situation. Having said that we would be open to discussions,” Vittorio Colao executive was cited as saying.

Millicom International Cellular S.A Signs Agreement with Vodacom's M-Pesa Service

Millicom International Cellular S. A announced on February 25, 2015 that it has signed an agreement with Vodacom's M-Pesa service, enabling the company's Tigo Pesa mobile money service users for the first time to be able to exchange money with M-Pesa customers in Tanzania, Africa, later 2015. The company said this agreement makes the customers of Tigo Pesa service in Tanzania the first in Africa to be able to transact with users of all their country's mobile money networks. Tigo Pesa customers will now have Africa's first universal mobile money exchange system and will be able to safely and securely transact with millions more people across the country.

Vodacom Announces Management Changes, Effective April 1, 2015

Phil Patel has been named regional commercial director for Vodacom AMAP. Phil Patel, chief officer of the consumer business unit at Vodacom, is leaving his current role and will, as of 1 April, fill the role of regional commercial director for Africa, the Middle East and Asia Pacific (AMAP). Patel will report to Paolo Bertoluzzo, group chief commercial and operations officer, and will be succeeded by Godfrey Motsa, currently chief officer of regional operations. Having joined Vodacom from Vodafone Turkey in 2012, Patel will support AMAP CEO Serpil Timuray in managing the commercial performance of local markets, leveraging the group commercial and operations teams. Motsa joined Vodacom SA in 2005 as head of brand marketing. Since then, he has held a number of senior roles, including MD of Vodacom Lesotho and Vodacom Congo. He will report to Vodacom Group CEO Shameel Joosub.

Vodacom Group Limited Reports Revenue Results for the Quarter Ended December 31, 2014

Vodacom Group Limited reported revenue results for the quarter ended December 31, 2014. For the quarter, the company reported group revenue of ZAR 19,993 million compared to ZAR 20,219 million a year ago. Service revenue was ZAR 15,815 million compared to ZAR 16,248 million a year ago.

 

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