Vodacom takes control of Safaricom after completing acquisition of additional stake

Vodacom has completed its acquisition of an additional 15 percent stake in Safaricom, days after the Court of Appeal lifted orders that had blocked the State’s Sh204.3 billion sale.

The South African telecommunications giant said on Tuesday that the transaction has closed, increasing its stake in the Nairobi Securities Exchange-listed operator to 55 percent and giving it majority control.