South Africa's Vodacom, led by Shameel Joosub, moves to control Kenya's Safaricom
Vodacom, led by Shameel Joosub, moves to take control of Kenya’s Safaricom in a deal valued at about $2.4 billion.
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Vodacom, led by Shameel Joosub, moves to take control of Kenya’s Safaricom in a deal valued at about $2.4 billion.
Vodacom may increase its stake in Safaricom as Kenya explores selling part of its government share.
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The deal, first disclosed on Nov. 10, 2021, has encountered multiple regulatory and transactional hurdles, leading to repeated extensions.
Vodacom’s $730-million fiber network acquisition faces a critical appeal, with government and industry leaders backing the deal to accelerate digital infrastructure and create jobs in South Africa.
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Vodacom Group led by leading South African executive Shameel Joosub has announced the successful deployment of a world-first triple-band mobile radio unit.
Vodacom Group, led by telecoms veteran Shameel Joosub, boasts a network of over 200 million African subscribers.