Vodafone’s African unit seeking deals to fuel Tanzania expansion

(c) 2018, Bloomberg.

Vodacom Group is in talks with the Tanzanian government and other mobile-phone operators about possible deals that will help the company expand in one of its biggest markets.

“Should opportunities present themselves for in-market consolidation in Tanzania, we will have a look if the regulatory environment is favorable,” Chief Executive Officer Shameel Joosub said in an interview. “We’re having discussions with parties to see if there are opportunities.”

Vodacom raised about $225 million to become the first and only telecommunications company to so far list on the stock exchange…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.