Vodafone to Gain Control of Safaricom with Increased Stake

Vodafone ( (GB:VOD) ) just unveiled an update.

Vodafone’s African subsidiary, Vodacom, is set to acquire an additional 20% stake in Kenya’s leading telecom operator, Safaricom, bringing its total ownership to 55%. This acquisition, which involves purchasing shares from the Government of Kenya and Vodafone, positions Vodafone to gain controlling ownership of a highly successful African business, enhancing its market presence and financial services offerings in the region. The acquisition is expected to be completed by the first quarter of 2026, pending regulatory approvals.

The most recent analyst rating on (GB:VOD) stock is a Sell with a £0.71 price target. To see the full list of analyst forecasts on Vodafone stock, see the GB:VOD Stock Forecast page.

Spark’s Take on GB:VOD Stock

According to Spark, TipRanks’ AI Analyst, GB:VOD is a Neutral.

Vodafone’s overall stock score is driven by its financial challenges and valuation concerns, offset by positive earnings call sentiment and technical indicators. The company’s strategic initiatives and dividend policy provide some optimism, but financial health remains a critical area for improvement.

To see Spark’s full report on GB:VOD stock, click here.

More about Vodafone

Vodafone is a leading European and African telecoms company, serving over 360 million mobile and broadband customers across 15 countries, with investments in five more and partnerships in over 40. The company operates one of the world’s largest IoT platforms and provides financial services to around 94 million customers in Africa. Vodafone is committed to keeping everyone connected, from the seabed to the stars.

Average Trading Volume: 65,117,354

Technical Sentiment Signal: Buy

Current Market Cap: £22.31B

Find detailed analytics on VOD stock on TipRanks’ Stock Analysis page.