Vodafone completes Safaricom transaction

Summary by AI ^BETAClose X

Vodafone Group Plc announced that its subsidiary Vodacom Group Ltd has completed the acquisition of an additional 20% of Safaricom Plc's issued share capital, increasing its total stake to 55%. This transaction involved Vodacom acquiring 15% from the Government of Kenya for KES 204 billion (€1.36 billion) and 5% from Vodafone for KES 68 billion (€0.45 billion). Consequently, Safaricom will now be fully consolidated by both Vodacom and Vodafone, granting them controlling ownership of the company.

Disclaimer*

Vodafone Group Plc

30 June 2026

30 JUNE 2026

Vodafone completes Safaricom transaction

Further to the announcement on 4 December 2025, Vodafone Group Plc ("Vodafone") announces that its African subsidiary, Vodacom Group Ltd ("Vodacom") has completed the acquisition of an effective 20% of the issued share capital in Safaricom Plc ("Safaricom"), increasing its shareholding to 55%.

Vodacom acquired 15% from the Government of Kenya for a cash consideration of KES 204 billion (€1.36 billion¹) and 5% from Vodafone² for a cash consideration of KES 68 billion (€0.45 billion¹).

Safaricom will now be fully consolidated by both Vodacom and Vodafone, which gain controlling ownership of one of Africa's most successful telecoms and financial services businesses.

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Notes

1. Based on foreign exchange rate of 1 Euro:150.5 Kenyan shilling.

2. Vodafone, through its subsidiary Vodafone International Holdings B.V., sold its remaining 12.5% stake in Vodafone Kenya Limited (equivalent to an effective 5% stake in Safaricom) to Vodacom.

For more information, please contact:
Investor Relations:	vodafone.com	ir@vodafone.co.uk	Media Relations:	Vodafone.com/media/contact	GroupMedia@vodafone.com
Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679

About Vodafone

Vodafone is a leading European and African telecoms company.

We serve around 370 million mobile and broadband customers, operating networks in 15 countries with investments in a further four and partners in over 40 more. We have capacity on more than 70 subsea cable systems - the backbone of the internet - and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world's largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across seven African countries - managing more transactions than any other provider.

From the seabed to the stars, Vodafone's purpose is to keep everyone connected.

For more information, please visit www.vodafone.com follow us on X at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone.

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