Vodacom Announces the Sale of Gateway Carrier Services
On 31 May 2012, Vodacom entered into an agreement to sell certain investments, supplier agreements and assets of Gateway Carrier Services1, which forms part of Vodacom Business Africa Group (Pty) Limited, to PCCW Global Ltd. for cash consideration of US$26.4 million on a cash-free-debt-free basis. The agreement will only become effective following the fulfilment of certain closing conditions set out in the agreement.
1. Gateway Communications (Pty) Limited, Gateway Communications SA (Belgium), Gateway Communications UK Limited, Gateway Communications Mozambique Limitada and Gateway Communications SAS (France), as well as the supplier agreements and assets of Gateway Communications Africa (UK) Limited.
For further information, please contact:
Investor Relations – Belinda Williams
Tel: +27 82 995 1400
Media Relations – Richard Boorman
Tel: +27 82 990 4080