Vodacom secures majority control of Safaricom for R36 billion

Vodacom secures majority control of Safaricom for R36 billion

Vodacom Group has moved to cement its dominance in East Africa with a massive R36-billion ($2.1 billion) transaction that will give it a controlling interest in Safaricom, one of the continent’s most valuable telecommunications and fintech players. Read: Epson CO-W01 Projector Review: Project Success The Johannesburg-headquartered group announced on Thursday that it has reached an…

Read More
Vodacom to take control of Safaricom in R36-billion deal

Vodacom to take control of Safaricom in R36-billion deal

Vodacom Group CEO Shameel Joosub Vodacom Group has moved to cement its position in East Africa with a R36-billion transaction that will see it take majority control of Safaricom, one of the continent’s most valuable telecommunications operators and fintech players. The Johannesburg-headquartered group said on Thursday it has reached an agreement with the government of…

Read More