Vodacom primed for acquisition as Vodafone extends selling spree

Vodafone has sold numerous operations over the last four years, and Vodacom is an attractive acquisition target for many global players.

Vodafone CEO Margherita Della Valle explained that these deals formed part of their “portfolio right-sizing” announced in May 2023. In 2022, Vodafone sold a stake in Frankfurt-listed Vantage Towers to a private equity consortium in a deal valuing the business at $17.3 billion. Vodafone started to use Vodacom as its exclusive investment vehicle in sub-Saharan Africa from the effective date of the listing.

Vodacom is also part of a global consortium behind Safaricom Ethiopia, which recently launched its mobile network in the country.primed for acquisitionThe main reason is that it is easier for Vodafone to offload its African operations as a single entity — Vodacom — than to sell them individually.Etisalat is headquartered in Abu Dhabi, United Arab Emirates, with operations in 16 countries across Asia, the Middle East, and Africa.

Source: News Formal (newsformal.com)

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