Vodacom SA Press Release: Vodacom withdraws from Nitel bid in Nigeria

The Vodacom Group Board has decided not to proceed with its joint bid with Telkom for an equity stake in Nitel, Nigeria. As the Nigerian Government is not considering a separation of the fixed and mobile businesses of Nitel at this stage and as Vodacom’s preference is to invest in a pure mobile player it has decided to withdraw from this process.