Vodafone looks to up Vodacom stake to 50%

3 Nov 2005

UK-based mobile group Vodafone has entered into negotiations to acquire an additional 15% stake in South Africa’s Vodacom Group from fellow shareholder the Rembrandt Trust for a net cash consideration of up to ZAR16.0 billion (GBP1.35 billion). The transaction would up Vodafone’s holding in Vodacom to 50%; the remainder is owned by South Africa’s national PTO Telkom.

South Africa, Vodacom Group, Vodafone Group