Vodafone’s Kenya Partner to Revamp Structure to Spur Expansion
Safaricom seeks to convert into a holding firm that will house mobile-phone towers and its financial services businesses.
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Safaricom Plc, the Kenyan mobile-phone company that counts Vodafone Group Plc as its biggest investor, plans to revamp its corporate structure in the next two years to make it easier for it to expand abroad.
East Africa’s largest company by market value seeks to convert into a holding firm that will house mobile-phone towers and its financial services businesses, which will also become wholly-owned units, Chief Executive Officer Peter Ndegwa said in an interview.