MTN Group Said to Bid for Vodafone’s Congo Wireless Venture

MTN Group Ltd., Africa’s largest mobile-phone company, is seeking to buy Vodafone Group Plc’s wireless venture in the Democratic Republic of Congo, two people with knowledge of the matter said.

MTN is part of a bidding process for Vodacom Congo SPRL, the company 51 percent owned by Vodacom Group Ltd., which in turn is controlled by Vodafone, the people said, declining to be identified because the matter is confidential. Johannesburg-based MTN made a presentation to Vodacom last week, one of the people said.