Vodacom completes R42bn acquisition of Vodafone Egypt business

📆 14/12/2022 00:35:00
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The takeover of the market leader with more than 40% market share in the country will push its operating profit growth potential into double digits

Vodacom has completed the R42bn acquisition of Vodafone’s Egypt operation. This is yet another move by Vodacom’s parent in reorganising its assets under SA’s largest mobile operator.

For Vodacom, the acquisition of Vodafone Egypt, the market leader in the country with more than 40% market share and 38-million prepaid users, will accelerate its medium-term operating profit growth potential into double digits. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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