South Africa-based mobile group Vodacom has confirmed that it is ready to expand its operational footprint across Africa, and is on the hunt for small-scale acquisitions. Vodacom, which is majority owned by the UK’s Vodafone Group, currently operates in five countries in sub-Saharan Africa, and chief executive Pieter Uys told Dow Jones Newswires that the company is looking to make a series of acquisitions in the USD100 million range. Uys noted that Vodacom will focus on countries that offer a stable political environment, have densely populated cities and offer room for growth
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OVETEL Vodacom targets acquisitions in the USD100m range; Angola, Ethiopia, Uganda all pinpointed
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