Vodacom

Vodacom is a pan-African mobile telecommunications company, and was the number-one cellular network in South Africa. It provides GSM service to more than 35 million customers in South Africa, Tanzania, Lesotho, Mozambique, and the Democratic Republic of the Congo. Revenue for the year ended 31 March 2008 was 48.18 billion South African Rand. It was owned on a 50:50 basis by the South African telecommunications group Telkom and the British mobile phone operator Vodafone. On 6 November 2008 Vodafone announced that it had agreed to increase its stake to 65%, and Telkom said that it would spin off its remaining holding by listing it on the Johannesburg Stock Exchange. On April 1, 2011, Vodacom officially unveiled its new change in branding from blue to red. This is in keeping with its UK parent company, Vodafone.