Vodafone Group is preparing a round of job cuts as it seeks to cut costs by €1-billion by 2026.
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Vodacom Group has completed its acquisition of a controlling 55% stake in Vodafone Egypt from parent Vodafone Group.
Emirates Telecommunications Group is exploring a potential investment in Vodacom Group as it seeks to boost its international footprint, sources said.
Vodafone Group CEO Nick Read will step down at the end of 2022 following a year when the telecommunications company’s share price sank.
Vodafone Group offers business students a lesson in the good, the bad and ugly of mergers and acquisitions.
Vodacom Group plans to roll out financial services products in its new market of Egypt, using the super app it is developing alongside China’s Alibaba Group.
Vodacom Group’s half-year headline earnings fell 9.5% due to start-up losses in Ethiopia and higher finance costs.
Shares of Safaricom surged more than 9% on Friday after it secured a mobile financial services licence in Ethiopia.
The UK’s biggest mobile and broadband providers are set to increase charges above the soaring rate of inflation early next year.
The Vodacom Group parent has agreed to sell its Hungarian unit in a deal valued at €1.8-billion as part of its plan to simplify its sprawling business.