Government says no to Vodafone

30 Jun 2005

The Kenyan government looks unlikely to agree to Vodafone’s offer to purchase an additional 11% stake in mobile operator Safaricom, having demanded that a 1998 shareholders agreement under which Telkom Kenya and Vodafone own and manage Safaricom be re-negotiated. The re-negotiation will begin on 12 July, and the government has said that no change of ownership will take place during the process.

Kenya, Safaricom, Vodafone UK