Tag Archives: Vodacom

Vodafone sells down stake in South Africa’s Vodacom

vodacom

Vodafone has sold down its stake in South African subsidiary Vodacom by 5.2 percentage points, it announced on Wednesday, sending the African mobile firm’s share price down by more than 6 percent. The sale of 90 million shares for 14.85 billion rands ($1.15 billion) in a private placement reduces Vodafone’s stake in Vodacom to 64.5 percent. The sale follows Vodafone’s ...

Read More »