Vodacom Tanzania earlier this year completed the takeover of Smile Communications Tanzania Ltd with a payment of Tsh73.22 billion ($28.18 million) as the telco moved to expand the rollout of its 4G and 5G coverage in the Tanzanian market.
Latest disclosures show that the amount comprised Tsh60.72 billion ($23.37 million) as payment to Smile Holdings shareholders and Tsh12. 5 billion ($4.81 million) in a reassignment cost for the spectrum acquired through the acquisition of the South African telecom operator.
