Globacom may go for a merger with Vodacom (Nigeria, South Africa)
According to a local media report, Globacom owner Mike Adenuga has approached Telkom South Africa with a proposal to merge Telkom’s 50% stake in Vodacom with Globacom, creating a pan-African firm called ‘Vodalgo’ worth around USD18 billion. No financial details have been disclosed. This bid could disrupt the plans by Vodafone to increase its stake in Vodacom.
