After Tanzania listing, Vodacom has largest share of telecom sector in EA
Last week, Vodacom completed its largest ever acquisition in the region’s leading telecommunication firm, Safaricom, buying shares worth $2.6 billion. PHOTO FILE | NMG
South Africa’s Vodacom Group has taken a controlling stake in East Africa’s telecommunications sector after its Tanzanian subsidiary successfully listed on the Dar es Salaam Stock Exchange (DSE) last Tuesday, a week after the parent firm completed acquisition of 35 per cent of Safaricom shares.
Vodacom Tanzania is now the second largest firm in Tanzania by market value after Acacia Mining.
