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Vodacom raised its stake in Vodacom Tanzania for $236m.

Synopsis

Vodacom raised its stake in Vodacom Tanzania for $236m. The acquired additional 17% shareholding was previously owned by an investment holding firm, Calvary. In view of the completion of this deal, Vodacom, South Africa's largest holder of cellular network subscribers, is now on its way to turning on its spotlight on one of its most important investments in sub-Saharan Africa.

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