Middle East

Vodacom to buy 55% stake in Vodafone Egypt for $2.74 bln

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A shopper walks past a Vodacom shop in Johannesburg February 4, 2015. REUTERS/Siphiwe Sibeko

Nov 10 (Reuters) - South Africa's Vodacom Group Ltd (VODJ.J) said on Wednesday it would buy a 55% stake in the Egyptian arm of Vodafone Group Plc (VOD.L) for $2.74 billion.

Separately, Vodacom said it would buy a co-controlling 30% stake in assets owned by Community Investment Ventures Holdings including Vumatel and Dark Fibre Africa.

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Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi Aich

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