0
Wireless

Vodacom minority shareholders approve Safaricom transaction

Tuesday 18 July 2017 | 12:17 CET | News
The proposed acquisition by Vodacom Group of an effective 35 percent stake in Kenyan operator Safaricom has been approved by Vodacom minority shareholders. In May, Vodacom said the estimated ZAR 35 billion transaction would further enhance its position as a leading African mobile communications company and acquiring Safaricom provides Vodacom with a unique opportunity to diversify its financial profile in a single transaction. Vodafone is already the controlling shareholder of both operators.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Safaricom / Vodacom
Countries: Kenya
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Vodafone Group sells 5.2% stake in Vodacom for SA listing requirements

Published 06 Sep 2017 10:04 CET | South Africa
Vodafone Group announced that its wholly owned subsidiary Vodafone International plans to sell 90 million shares, or a 5.2 ...

Vodafone Group completes transfer of Safaricom stake to Vodacom

Published 07 Aug 2017 15:39 CET | Africa
Vodafone Group announced that its wholly-owned subsidiary Vodafone International has completed the transfer of a 35 percent ...

Vodacom buys strategic stake in Safaricom for ZAR 35 bln

Published 15 May 2017 08:49 CET | Kenya
Vodacom Group said it has agreed to acquire a strategic stake in Kenya's Safaricom held by Vodafone Group. Subject to regulatory ...