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Safaricom says M-Pesa venture with Vodacom is on 50-50 basis

Thursday 9 July 2020 | 09:33 CET | News
Kenyan operator Safaricom has disclosed a 50 percent ownership of M-Pesa after it and South Africa's Vodacom acquired the mobile money platform from the UK's Vodafone for KES 2.14 billion, Business Daily reported. In its annual report for the year to March, Safaricom says that the two partners split the acquisition costs equally, with each holding 50 percent of the newly created joint venture M-Pesa Global Services.

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Categories: Mobile & Wireless
Companies: Safaricom / Vodacom / Vodafone / Vodafone Group
Countries: Kenya
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