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Vodacom buys majority stake in Vodafone Egypt

Vodacom

A Vodacom shop in Tanzania. The telco has operations in Kenya, South Africa, Tanzania, Lesotho, Democratic Republic of Congo and Mozambique, and is expanding to Ethiopia. FILE PHOTO | COURTESY 

By  The EastAfrican

South Africa’s Vodacom Group has agreed to buy a 55 percent controlling stake in Vodafone Egypt for $2.73 billion as part of the telco’s pan-African expansion bid.

The shares are currently held by UK’s Vodafone Group Plc.

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