{"id":120771,"date":"2016-04-18T16:32:31","date_gmt":"2016-04-18T14:32:31","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=120771"},"modified":"2016-04-18T16:42:53","modified_gmt":"2016-04-18T14:42:53","slug":"vodacom-considers-buying-broadband-infraco","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/broadband\/120771\/vodacom-considers-buying-broadband-infraco\/","title":{"rendered":"Vodacom considers buying Broadband Infraco: report"},"content":{"rendered":"<p>Vodacom is considering a bid for\u00a0state-owned Internet company Broadband Infraco, according to a report by\u00a0<a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-04-18\/vodafone-unit-mulls-bid-for-south-africa-state-broadband-company-in5tb1wu\" target=\"_blank\"><strong>Bloomberg<\/strong><\/a>.<\/p>\n<p>The news follows reports by\u00a0<strong><a href=\"http:\/\/www.bdlive.co.za\/business\/technology\/2016\/04\/04\/broadband-infraco-and-telkom-merger-highly-likely\" target=\"_blank\">BusinessDay<\/a>\u00a0<\/strong>that\u00a0Broadband Infraco and Telkom were\u00a0likely to merge.<\/p>\n<p>The acquisition could help Vodacom make up for the\u00a0cancellation of a <a href=\"http:\/\/mybroadband.co.za\/news\/business\/157033-vodacom-neotel-deal-cancelled.html\" target=\"_blank\"><strong>R7-billion merger\u00a0deal between it and Neotel<\/strong><\/a>, which was abandoned\u00a0after the High Court in Pretoria ruled that Vodacom would not be able to take control of licences owned by Neotel.<\/p>\n<p>Broadband Infraco\u2019s assets were valued at R2.1 billion as of March 2014, according to\u00a0the report.<\/p>\n<p>\u201cAcquiring an asset like Broadband Infraco would help achieve this and would be supportive of the government\u2019s ambition to increase broadband access,\u201d said Vodacom CEO\u00a0Shameel Joosub in emailed comments.<\/p>\n<p>\u201cThe sale of Broadband Infraco to Vodacom would follow a report commissioned by President Jacob Zuma that showed South Africa should consider selling stakes in state-owned companies to private entities to improve their finances,\u201d said Bloomberg.<\/p>\n<h3 class=\"my-4\">More on broadband<\/h3>\n<p><strong><a title=\"Permalink to Telkom and Broadband Infraco merger likely: report\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/118929\/telkom-and-broadband-infraco-merger-likely-report\/\" rel=\"bookmark\">Telkom and Broadband Infraco merger likely: report<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Telkom in talks with Broadband Infraco: report\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/113001\/telkom-in-talks-with-broadband-infraco-report\/\" rel=\"bookmark\">Telkom in talks with Broadband Infraco: report<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Broadband Infraco begs for R1 billion govt bailout\" href=\"http:\/\/businesstech.co.za\/news\/broadband\/99076\/broadband-infraco-asks-for-r1-billion-from-govt\/\" rel=\"bookmark\">Broadband Infraco begs for R1 billion govt bailout<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vodacom is considering a bid for state-owned Internet company Broadband Infraco, according to a report by Bloomberg.<\/p>\n","protected":false},"author":31,"featured_media":108097,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5553],"tags":[26,27],"class_list":["post-120771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broadband","tag-headline","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/120771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=120771"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/120771\/revisions"}],"predecessor-version":[{"id":120777,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/120771\/revisions\/120777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/108097"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=120771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=120771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=120771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}