Friday, January 11, 2008

No fresh Vodacom bid for GT

(FIN24) - Vodacom, SA's biggest mobile network, operator has not tabled a fresh offer for a controlling stake in Ghana Telecoms (GT) but couldn't rule out adding a sweetener to its initial $500m (R3.5bn) bid.


"I've read reports from Ghana to that effect [of a higher offer]," said Dot Field, head of group communications at Vodacom. "But the fact is that we have not tabled a fresh offer for GT."


She added, however, that Ghana remained a market in which the group was "firmly" interested... as indicated in our annual report".


Initial bids for a 51% stake in GT were rejected by transactional advisors who argued that they were way below the government's asking price. Bidders included Portugal Telecom and France Telecoms.
 
 

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