Acquiring Company
Vodacom
Acquired Company
Safaricom
Midrand
NairobiHardwareFinancial ServicesMobileTelecommunicationsDescription
Vodacom's acquisition of a 15% stake in Safaricom has been halted by a Kenyan court ruling. The court deemed the government's process for selling its stake unconstitutional and lacking public consultation. Vodacom plans to appeal the decision, which has implications for its control over Safaricom and the $2.1 billion transaction.
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Based on deal dataFrequently asked
Who acquired Safaricom?
Safaricom was acquired by Vodacom, based in Midrand. The deal was reported on September 15, 2026. Vodacom is a leading African mobile communication company providing a wide range of communication services, including mobile voice, messaging, data, financial, and converged services to over 115 million customers. Vodacom is privately held and operates in Hardware.
When did Vodacom acquire Safaricom?
Vodacom's acquisition of Safaricom was reported on September 15, 2026. Vodacom's acquisition of a 15% stake in Safaricom has been halted by a Kenyan court ruling. The court deemed the government's process for selling its stake unconstitutional and lacking public consultation. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Safaricom do?
Safaricom is the company acquired in this transaction. It is privately held, and is based in Nairobi.
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