Vodafone disputes a reported price for Yes Telecom

An announced investment, an unconfirmed figure

The source distinguished the announced majority investment from the amount reported in the press. A Vodafone spokeswoman called the published figure far from the mark and indicated that the company had paid considerably less, without giving an alternative number.

Vodafone said it had taken the stake to strengthen its business presence and intended to keep Yes Telecom at arm’s length rather than redirect its operations. At the time, the six-year-old reseller was reported to have more than 100 staff and more than 250 enterprise customers. The account records the parties’ position, not a verified purchase price or subsequent management arrangement.