Vodacom finalises R35 billion Safaricom transaction
Vodacom Group announces that its proposed R35 billion acquisition of an effective 35% stake in Kenya’s leading integrated communications company, Safaricom, has been finalised. All regulatory approvals and conditions precedent in both Kenya and South Africa have now been met.
At a General Meeting held on 18 July 2017, shareholders overwhelmingly approved the proposed acquisition by Vodacom of an indirect interest of 34.94% in Safaricom Limited and the issue of 233 459 781 new ordinary shares in the company to Vodafone. The allotment and issue of 233 459 781 new ordinary shares to Vodafone took effect today, as well as the listing of these shares on the JSE.
Commenting on the conclusion of the transaction, Vodacom Group Chief Financial Officer Till Streichert, said: “Vodacom is pleased to announce that the Safaricom transaction, which is the largest in our company’s history, has now been finalised. This will provide both businesses with opportunities for growth, as well as enable Vodacom shareholders to access a strong performing business in East Africa in a high growth market. We expect this transformational transaction will enhance our position as a leading African mobile communications company, providing the Group with the perfect opportunity to diversify our financial profile.”
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Vodacom notice - Phishing
Vodacom has recently been made aware of some customers receiving fraudulent emails claiming to be from Vodacom and asking for updated contact information. The mails may even look authentic and contain the Vodacom logo and corporate colours.
Note: Vodacom won't ever ask for personal information over email.
These are scams commonly known as 'phishing' and all Vodacom customers should take note of the following before responding to an email from a site asking for personal information.
- Check that the email address and the sender name match.
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- Make sure that the email address or phone number listed in the email is the same as the one that should be on that company's records.
- Does the message start with a generic greeting, like "Dear customer." Most legitimate companies will include the recipient's name in their messages
If you suspect a phishing mail, contact our customer care by dialing 111 from your Vodacom handset. Alternatively, send us an email by completing the Scams & Hoax form.