Vodacom’s R2 billion blunder

• Vodacom's R2 billion valuation of IoT.nxt was a blunder, according to several experts.
• The acquisition was made in 2019 for a maximum consideration of R1.028 billion, with R469 million settled in cash, and was intended to accelerate Vodacom's Internet of Things (IoT) strategy.
• The deal has been criticized for being overpriced, with IoT.nxt generating a loss of R5.5 million per month at the time of the acquisition.