Currently the third-largest telecom company in Africa, these two acquisitions better position Vodacom to unseat long-time rival MTN as Africa’s top telecom. The Vodafone Egypt DealVodacom Group South Africa is reportedly entering the North Africa market for the first time ever after announcing that it will seek to acquire Vodafone Egypt from Vodafone Group for $2.7-billion. The remaining 45% of Vodafone Egypt will remain in the hands of Telecom Egypt, the state-owned fixed-line operator. Vodafone Egypt enjoys a 43% revenue market share in Egypt, making it the largest single telco in the country. Vodacom is poised to sell fibre to more South Africans for less, increasing the size of the fibre market and subscription revenues.

Source: The North Africa Journal November 10, 2021 16:23 UTC