South African telecoms group Vodacom books $1.4 billion gain from Safaricom takeover
Billionaires Africa | 11.11.2026 20:16
South African telecommunications group Vodacom booked a one-off accounting gain of R23.1 billion ($1.41 billion) after increasing its ownership of Kenya’s Safaricom to 55%, a transaction that moved the Nairobi-listed operator from an associate to a subsidiary in Vodacom’s accounts.
