Vodacom Group to acquire a 55% stake in Vodafone Egypt
Summary
In addition, because roughly 100 million people in Egypt remain unbanked, the extension into the country creates a significant opportunity for Vodacom in fintech and mobile money. “We’ve been close to the asset for years in terms of being part of the Vodafone group.” He added that an update on the company’s medium-term targets will be reported in May 2022. As of March 2021, Vodacom had 123.7 million subscribers across Democratic Republic of Congo, Ethiopia, Kenya, Lesotho, Mozambique, South Africa and Tanzania. This summer, the operator worked on a proof-of-concept trial for Open RAN solutions in partnership with Altiostar, Cisco, the Evenstar program and the Telecom Infra Project (TIP). Telecom Egypt’s Managing Director and CEO, Adel Hamed stated at the time that, in addition to adding flexibility, Open RAN will also help reduce costs and “component-level efficiency” for operators.