Vodacom Group CEO Joosub has put a price on the Egyptian venture and says South Africa and Kenya are likely to follow.
Browsing: Safaricom
Vodacom has since secured waivers from its lenders, but its appeal against the ruling has yet to be heard.
Vodacom South Africa’s prepaid revenue accelerated in the second quarter, and its margin hit its highest level since FY2023.
Airtel’s Vittal, MTN’s Mupita and Vodafone’s Della Valle will lead the GSMA until December 2028.
Vodacom will book a R23.2-billion gain on Safaricom, even as Kenya’s courts weigh undoing the deal.
The shares and the purchase price paid to Kenya’s government will stay where they are until a fast-tracked appeal is heard.
Finance minister John Mbadi says the national treasury is confident the sale was lawful and will fight the judgment.
Eleven weeks after Vodacom took control of Safaricom, a Kenyan court has undone the transaction.
Vodacom has cut its dividend payout policy to at least 65% of headline earnings, from at least 75% previously.
Airtel Money’s London listing will give investors a first clean benchmark for valuing African mobile money platforms.