Source: TechCentral
Vodacom is ditching its 24,9% stake in iBurst parent Wireless Business Solutions (WBS) Holdings to increase its chances of being awarded radio frequency spectrum that will allow it to build a fourth-generation (4G) cellphone network. But black shareholding requirements could trip it up.
The mobile operator confirmed last week that it would sell WBS so as to be eligible to bid for spectrum in the 2,6GHz and 3,5GHz radio frequency bands that it could then use to build a network using long-term evolution (LTE) technology. LTE is likely to be the successor to the 3G networks operated by Vodacom and its rival MTN.
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