South African mobile telecommunications company, Vodacom has denied information about having negotiations to a stake in Botwsana’s BeMobile.
Late last week, the media reported that the South African telecommunication company wanted to take up some of BeMobile stakes or have a technology sharing agreement.
The media report said the soon, the two companies will make a major announcement about a new deal by the end of this year, but now Vodacom has denied that any such talks are taking place.
This news leaves BeMobile in a difficult situation as it is said that the company is facing challenges most especially to compete with its more nimble private competitors and is said to be looking for a technology partner to assist it.
BeMobile’s parent company, Botswana Telecommunications Corporation (BTC) is currently working on plans for a privatization that would see a minority of its shares sold to the public.