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Tanzanian tycoon set to offload shares in Vodacom - report

Thursday 5 July 2018 | 13:05 CET | News
Tanzanian tycoon Rostam Aziz is in the process of selling off his remaining shares in Vodacom Tanzania, The Citizen reported citing unnamed sources. The daily said Aziz  may sell his 26.25 percent stake in the company to Vodacom Group, which has been targeting the businessman's shares to take full control of the mobile operator. The stake is valued at more than USD 200 million, but it is not yet clear how much Vodacom South Africa will be paying the Tanzanian tycoon for the stake, the report said.

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Categories: Mobile & Wireless
Companies: Vodacom / Vodacom South Africa / Vodacom Tanzania
Countries: Tanzania, United Republic of
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