Monday, May 15, 2017

Vodacom to Buy 35% Stake in Kenya's Safaricom From Vodafone

Vodacom, South Africa’s largest mobile operator by subscribers, is buying a 35% stake in Kenya’s Safaricom in the hope of popularizing the highly-touted East African mobile money service M-Pesa across the broader continent. The $2.59 billion deal is a reshuffling of the pack for Vodafone, which has big stakes in both companies, in Africa.

from WSJ.com: US Business http://ift.tt/2qml0ny
via IFTTT

No comments:

Post a Comment