South Africa Telecoms News

vfw248-safaricom deal completes

M&A

Vodacom completes ‘high-growth market arc’ with controlling Safaricom stake

South African operator completes $2.1bn deal to take majority control of Safaricom, including its Ethiopian venture and m-money platform M-PESA. CEO Shameel Joosub considers it more than a mere bulk-up as Vodacom looks to leverage East African experience across the continent.