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

Provided by Dow Jones Dec 4, 2025, 6:32:00 AM

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 01:32 ET (06:32 GMT)

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