Markets contemplate possible Middle East buyout of Vodacom
Emirates Telecommunications Group’s potential investment for all or part of Vodafone’s African business dismissed by analysts as unlikely
08 December 2022 - 19:16
Vodacom’s shares pulled back a little on Thursday after rising as much as 8.8% on Wednesday after news that its UK-based parent, Vodafone, is considering selling its stake in SA’s largest mobile operator to Abu Dhabi’s Etisalat.
Analysts, however, are unconvinced that the deal will go through, but should it, it would result in a roughly R142bn transaction, eight times Telkom’s present market capitalisation...
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