Vodacom completed €1.8 billion deal for 20% of Safaricom

Vodacom completed a €1.8 billion acquisition of an additional 20% stake in Safaricom, giving it control of the Kenyan operator.

TL;DR

• Vodacom completed a €1.8 billion deal to buy an additional 20% of Safaricom.
• The transaction gives Vodacom a controlling stake in Safaricom.
• Safaricom is a telecom operator in Kenya.

Vodafone's Vodacom unit completed the acquisition of an additional 20% stake in Safaricom for €1.8 billion. The completed transaction increased Vodacom's ownership position in the Kenyan operator.

The deal gives Vodacom a controlling stake in Safaricom. Safaricom operates in Kenya, and the transaction changes control of the company to Vodacom.

The source described the completion as following a legal victory. The source did not provide further transaction details in the supplied excerpt beyond the €1.8 billion price and the additional 20% stake.

Related questions

• How much did Vodacom pay for the additional Safaricom stake?
• What size stake in Safaricom did Vodacom acquire?
• Which operator gained control of Safaricom?
• In which country does Safaricom operate?