Nairobi, Nov. 11 -- Vodacom Group Limited has booked a gain of Sh181.8 billion from taking control of Safaricom, highlighting the benefits to the South African multinational, which raised its ownership in the Kenyan telco to 55 percent from the previous 35 percent.

The multinational says the deal not only converted Safaricom from an associate to a subsidiary but also raised its effective ownership in the businesses held by the Nairobi Securities Exchange-listed firm including M-Pesa Africa.

Published by HT Digital Content Services with permission from Business Daily....