Vodacom to submit R7.5bn BEE deal

January 30, 2007

Mobile services provider Vodacom said on Thursday that management hoped to submit proposals to the group's board in March on a proposed black economic empowerment deal that is expected to be valued at some R7.5-billion...

Alan Knott-Craig, Group chief executive officer, said in a brief statement: "Vodacom is and continues to be committed to the ICT Charter on BEE. The Management of Vodacom have been tasked to submit proposals to the Vodacom Group Board for equity participation by suitable BEE entities. To this end a large number of applications have been received from such entities.

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