Vodacom to form fibre joint venture and acquire control of Vodafone Egypt

Vodacom Group has agreed terms with Vodafone to acquire a controlling stake of 55% in Vodafone Egypt. The proposed transaction, which is subject to regulatory and shareholder approvals, is valued at approximately R41 billion or $2.738 billion. Vodacom will fund the acquisition by issuing 242 million new ordinary shares at R135.75 per share and R8…

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