Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Public Council Teleconference: Application Rationalization — Hidden Costs and Smart Decisions
November 17 at 11:00 am US/Eastern (GMT-5)
Join Honorio Padrón, of The Hackett Group, who will share the drivers for companies to tackle application rationalization and the results of research that define the hidden cost of complexity. Additionally, we will discuss key decision milestones—to start or not, holding the course steady and fulfilling expectations.
Virtual Desktop Cost-Benefit Analysis — Michael Jacobs, Catlin Group
The analysis contained in this presentation measures the cost of everything from the machines and licenses to the infrastructure for virtual vs. traditional desktop environments.
Honor your best senior team members - Apply for the CIO Ones to Watch Award
Get well-earned public recognition for your top up-and-coming team members, your IT organization and your enterprise. Award winners will be announced, publicized and feted in May 2010, great timing to help attract new IT recruits to your company.
Learn more about the CIO Executive Council »
Vodafone to Acquire 15 Percent More of Vodacom Group
The dispute between Vodafone and Telkom South Africa over shareholding in Vodacom Group seems to be dying down after the South African government yielded and accepted Vodafone's latest bid.
October 10, 2008 — IDG News Service —
The dispute between Vodafone and Telkom South Africa over shareholding in Vodacom Group seems to be dying down after the South African government yielded and accepted Vodafone's latest bid.
Vodafone has made a nonbinding proposal to acquire a 15 percent stake in Vodacom Group for a cash consideration of 22.5 billion South African rand (US$2.5 billion), a statement from Vodafone read.
The agreement is subject to the listing and unbundling of Telkom's remaining 35 percent stake in Vodacom to Telkom shareholders.
"The proposed transaction would result in Vodafone owning 65 percent of an attractive asset with strong market positions in South Africa, Democratic Republic of Congo, Lesotho, Mozambique and Tanzania," the statement read.
Telkom SA owns 50 percent of Vodacom, and Vodafone owns the other half. At the center of controversy is a shareholder agreement between Telkom and Vodafone that limited expansion in sub-Saharan markets.
Vodafone's cash payment will be reduced slightly, as a portion of Vodacom's debt will be deducted from the purchase price.
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