Business
Vodafone to gain control of and fully consolidate Safaricom
Vodafone’s African subsidiary, Vodacom, to acquire 20% of Safaricom, taking its stake to 55% 15% will be acquired from the Government of Kenya and 5% from Vodafone LONDON, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Vodafone Group’s African subsidiary, Vodacom Group Ltd (“Vodacom”) has agreed to acquire an effective 20% of the issued share capital in Safaricom Plc (“Safaricom”), Kenya’s leading telecoms operator (the “Acquisition”). Vodacom will acquire 15% from the Government of Kenya (the “GOK”) for a c
About this update from Vodafone Group Public Limited Company
[{"type":"image","alt":"Vodafone Group PLC","displaySize":"","headline":null,"caption":"Vodafone Group PLC","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":91,"url":"https://media.zenfs.com/en/globenewswire.com/7da7872221d5b5c9b4a74049d228f898"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/RgL3PY0dw32i9ictEJQweg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/7da7872221d5b5c9b4a74049d228f898","width":300,"height":91}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Vodafone’s African subsidiary, Vodacom, to acquire 20% of Safaricom, taking its stake to 55% ","length":92,"tagName":"p"}]},{"val":[{"type":"text","content":"15% will be acquired from the Government of Kenya and 5% from Vodafone","length":70,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":162,"olType":false},{"type":"text","content":"LONDON, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Vodafone Group’s African subsidiary, Vodacom Group Ltd (“Vodacom”) has agreed to acquire an effective 20% of the issued share capital in Safaricom Plc (“Safaricom”), Kenya’s leading telecoms operator (the “Acquisition”).","length":262,"tagName":"p"},{"type":"text","content":"Vodacom will acquire 15% from the Government of Kenya (the “GOK”) for a cash consideration of €1.36 billion1 (KES 204 billion2), and 5% from Vodafone3 for a cash consideration of €0.45 billion (KES 68 billion).","length":210,"tagName":"p"},{"type":"text","content":"Following completion of the Acquisition, Safaricom will be owned by Vodacom (55%), the GOK (20%) and public investors4 (25%) and will be consolidated by both Vodacom and Vodafone.","length":179,"tagName":"p"},{"type":"text","content":"Transaction rationale","length":21,"tagName":"p"},{"type":"text","content":"The Acquisition provides both Vodafone and Vodacom with an opportunity to gain controlling ownership of one of Africa’s most successful telecoms and financial services businesses.","length":179,"tagName":"p"},{"type":"text","content":"Listed on the Nairobi Securities Exchange, Safaricom is Kenya’s largest telecoms company, with a market capitalisation of €7.7 billion. Safaricom also owns a scaled tower and spectrum portfolio in Kenya, as well as M-Pesa – a world-leading fintech business – with over 100 million daily transactions and 38 million M-Pesa customers ...