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Vodacom to buy 55% stake in Vodafone Egypt for $2.74 billion

Vodacom to buy 55% stake in Vodafone Egypt for $2.74 billion
Vodacom to buy 55% stake in Vodafone Egypt for $2.74 billion   -   Copyright  Thomson Reuters 2021
By Reuters

– South Africa’s Vodacom Group Ltd said on Wednesday it would buy a 55% stake in the Egyptian arm of Vodafone Group Plc for $2.74 billion.

Separately, Vodacom said it would buy a co-controlling 30% stake in assets owned by Community Investment Ventures Holdings including Vumatel and Dark Fibre Africa.