Vodacom Group to Raise Stake in Safaricom to 55% in Deal Worth Around $2 Billion

Dow Jones12-04

By Nina Kienle

Vodacom Group agreed to acquire a further stake in Kenyan mobile network operator Safaricom in a deal worth 36.0 billion South African Rand ($2.1 billion), taking its shareholding to 55%.

The South Africa-based telecommunications company on Thursday said it agreed to acquire a 15% stake in Safaricom from the government of Kenya, as well as a 5% stake from Vodafone. This increases the group's shareholding to 55% from 39.93%.

The deal values Safaricom shares at 34 Kenyan shilling ($0.26) each and will result in the consolidation of the operator, Vodacom said.

The transaction will accelerate Vodacom's growth journey and strengthens its position as a market leader, while unlocking new opportunities, Chief Executive Shameel Joosub said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

December 04, 2025 01:17 ET (06:17 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2588961003?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-04 14:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2588961003","market":"us","top_or_hot":-1,"title":"Vodacom Group to Raise Stake in Safaricom to 55% in Deal Worth Around $2 Billion","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Nina Kienle \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Vodacom Group agreed to acquire a further stake in Kenyan mobile network operator Safaricom in a deal worth 36.0 billion South African Rand ($2.1 billion), taking its shareholding to 55%. \n</p>\n<p>\n  The South Africa-based telecommunications company on Thursday said it agreed to acquire a 15% stake in Safaricom from the government of Kenya, as well as a 5% stake from <a href=\"https://laohu8.com/S/VOD\">Vodafone</a>. This increases the group's shareholding to 55% from 39.93%. \n</p>\n<p>\n  The deal values Safaricom shares at 34 Kenyan shilling ($0.26) each and will result in the consolidation of the operator, Vodacom said. \n</p>\n<p>\n  The transaction will accelerate Vodacom's growth journey and strengthens its position as a market leader, while unlocking new opportunities, Chief Executive Shameel Joosub said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nina Kienle at nina.kienle@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 04, 2025 01:17 ET (06:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vodacom Group to Raise Stake in Safaricom to 55% in Deal Worth Around $2 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVodacom Group to Raise Stake in Safaricom to 55% in Deal Worth Around $2 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-04 14:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Nina Kienle \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Vodacom Group agreed to acquire a further stake in Kenyan mobile network operator Safaricom in a deal worth 36.0 billion South African Rand ($2.1 billion), taking its shareholding to 55%. \n</p>\n<p>\n  The South Africa-based telecommunications company on Thursday said it agreed to acquire a 15% stake in Safaricom from the government of Kenya, as well as a 5% stake from <a href=\"https://laohu8.com/S/VOD\">Vodafone</a>. This increases the group's shareholding to 55% from 39.93%. \n</p>\n<p>\n  The deal values Safaricom shares at 34 Kenyan shilling ($0.26) each and will result in the consolidation of the operator, Vodacom said. \n</p>\n<p>\n  The transaction will accelerate Vodacom's growth journey and strengthens its position as a market leader, while unlocking new opportunities, Chief Executive Shameel Joosub said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nina Kienle at nina.kienle@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 04, 2025 01:17 ET (06:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588961003","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588961003","pubTimestamp":1764829020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Vodacom Group agreed to acquire a further stake in Kenyan mobile network operator Safaricom in a deal worth 36.0 billion South African Rand , taking its shareholding to 55%.The South Africa-based telecommunications company on Thursday said it agreed to acquire a 15% stake in Safaricom from the government of Kenya, as well as a 5% stake from Vodafone. This increases the group's shareholding to 55% from 39.93%.The deal values Safaricom shares at 34 Kenyan shilling  each and will result in the consolidation of the operator, Vodacom said.The transaction will accelerate Vodacom's growth journey and strengthens its position as a market leader, while unlocking new opportunities, Chief Executive Shameel Joosub said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4532":"文艺复兴科技持仓","BK4132":"无线电信业务","VOD":"沃达丰"},"translate_title":"Vodacom集团将把Safaricom的股份提高至55%，交易价值约20亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VOD":0.9},"content_text":"By Nina Kienle \n\n\n \n\n\n  Vodacom Group agreed to acquire a further stake in Kenyan mobile network operator Safaricom in a deal worth 36.0 billion South African Rand ($2.1 billion), taking its shareholding to 55%. \n\n\n  The South Africa-based telecommunications company on Thursday said it agreed to acquire a 15% stake in Safaricom from the government of Kenya, as well as a 5% stake from Vodafone. This increases the group's shareholding to 55% from 39.93%. \n\n\n  The deal values Safaricom shares at 34 Kenyan shilling ($0.26) each and will result in the consolidation of the operator, Vodacom said. \n\n\n  The transaction will accelerate Vodacom's growth journey and strengthens its position as a market leader, while unlocking new opportunities, Chief Executive Shameel Joosub said. \n\n\n \n\n\n  Write to Nina Kienle at nina.kienle@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 04, 2025 01:17 ET (06:17 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2588961003","isCrawlerRequest":true}