Vodacom tries to resolve DRC dispute

2011-05-16 08:06

Vodacom’s effort to resolve a long dispute with its joint venture partner in the Democratic Republic of Congo is “well under way” and a sale of the stake remains an option, the South African firm’s chief executive said today.

Vodacom said last year it had appointed investment bank Rothschild to explore options for the unit, where it is in arbitration with its local partner, Congolese Wireless Network, over a fee dispute.

“That process is well under way ... one of those options has been a sale process,” Pieter Uys told a conference call.

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