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Vodafone transfers 35% Safaricom stake to Vodacom to internationalise its mobile payment system

Connectivity BusinessbyConnectivity Business
May 15, 2017
in Investments, Space Services, Strategy and Markets
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British telco Vodafone is transferring a 35% stake of its Kenyan operator Safaricom to its African subsidiary Vodacom Group for an estimated R34.6bn (US$2.62bn). Analysts said that while the move could also be mirrored in… British telco Vodafone (LSE:VOD) is transferring a 35% stake of its Kenyan operator Safaricom to its African subsidiary Vodacom Group (JSE:VOD)  for an estimated R34.6bn (US$2.62bn). The move comes as Vodafone aims to streamline and […]

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