Vodacom entering the Nigerian market

According to Alan Knott-Craig, Chief Executive Officer of the Vodacom Group, Vodacom remains committed and interested in entering the Nigerian market, and to that end has been pursuing the acquisition of a controlling interest in V-Mobile, one of the four cellular operators in Nigeria.

However, the asking price by V-Mobile for control of the company is considered too high.

Should the opportunity arise to purchase a controlling interest in V-Mobile at a price acceptable to the shareholders of Vodacom, then such an acquisition will be pursued.