Financial Times FT.com

Vodafone extends its stake in Vodacom

By Andrew Parker in London and Richard Lapper in Johannesburg

Published: November 6 2008 11:24 | Last updated: November 6 2008 11:24

Vodafone on Thursday unveiled a £1.4bn ($2.2bn) deal that will see it take control of Vodacom, South Africa’s largest mobile phone operator.

The world’s largest mobile operator by revenue is expected to use Vodacom to expand further into Africa, as it looks to emerging markets for growth.

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