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Balesh Sharma named MD of Vodacom South Africa

Business Finance

Press Trust of India  |  New Delhi 

Vodacom Group has named Balesh Sharma as the managing director and CEO of its newly-carved out standalone South African operating company -- Vodacom South Africa.

Vodacom, majority owned by Vodafone (60.5 per cent stake), is an African communications company providing a range offerings, including mobile voice, messaging, data, financial and converged services. It has operations in South Africa, Tanzania, Mozambique and Kenya, among others.

Sharma -- former Vodafone Idea CEO -- has been appointed MD and CEO of Vodacom South Africa with effect from July 1, 2020. He will report to Shameel Joosub, chief executive officer, Vodacom Group.

Sharma is currently director of special projects, Vodafone Group, driving strategic projects globally, including supporting the rollout of new telecom operations in Oman.

"For Vodacom Group to play a central role of overseeing all operations across its African footprint, this has necessitated the creation of a standalone South African operating company that will be led by Balesh Sharma in the newly created role of Managing Director: Vodacom South Africa," Vodacom said in a statement on its website.

The company has now put in place a simplified structure, it added.

"...This includes the decoupling of Vodacom South Africa as a standalone business. Under Balesh's leadership, I am confident that the increased focus will leverage the numerous opportunities that exist in South Africa from both our traditional telco business and our technology-focused growth acceleration units," Vodacom Group CEO Shameel Joosub said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, May 23 2020. 13:26 IST