Vodafone offers ZAR22.5bn for another 15% stake in Vodacom
The proposed transaction would result in Vodafone owning 65% of an attractive asset with strong market positions in South Africa, the Democratic Republic of Congo, Lesotho, Mozambique and Tanzania.
The proposed transaction remains subject to a number of conditions, including the successful negotiation and agreement of final transaction documents.
Such a deal would likely be welcomed by Vodacom and Telkom subscribers.
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