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Vodacom reports strong H1 2026 growth and consolidates Safaricom after major stake increase.

Company Fundamentals
14 Nov 2026, 07:29 WIB
Seeking Alpha
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Bullish
Vodacom reports strong H1 2026 growth and consolidates Safaricom after major stake increase.

Vodacom delivered strong financial results for the first half of 2026, with growth in service revenue, EBITDA, and operating free cash flow. The company’s customer base reached 215 million across Africa, marking a significant milestone. A key event was Vodacom's acquisition of a controlling 55% stake in Safaricom, increasing its shareholding from 35% by paying ZAR 35 billion. The Safaricom deal is still subject to legal proceedings in Kenya, with a court hearing scheduled for November 19. This consolidation is expected to strengthen Vodacom’s market position in Africa.

Vodacom Group Limited's Q2 2027 earnings call transcript provides context for readers. For those following Technology-sector US stocks on Pluang as of Nov 14, 2026 11:21 WIB, 50 out of 150 stocks rose while 96 fell. Among notable movers, FIRY traded at USD 10.85 with a 9.96% drop and full buy-side order activity, contrasting with AMD at USD 534.06 down 8.75% and a mixed 33% sell / 67% buy order split, and BTDR at USD 5.60 down 8.65% with 100% buy orders. Typical hold times vary from 14 to 93 days across these assets.

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