07 May 2024

Vodacom Tanzania has finalized the acquisition of Smile Communication Tanzania Limited.

The Tanzanian subsidiary of Vodacom Group indicated that its offer to acquire all 284,984,314,284 ordinary shares of its competitor has been validated by regulatory authorities. The value of the transaction is estimated at 68.8 billion Tanzanian shillings.

Vodacom Tanzania made an offer to buy Smile in July 2023. The resources inherited from this transaction are expected to enable Vodacom to strengthen its capabilities to better meet growing consumer demand for high-speed connectivity (4G and 5G). As of October 2022, the company had already acquired frequencies in the 700MHz, 2300MHz and 2600MHz bands for $63.2 million.

These investments should enable Vodacom to retain its current customers and attract new ones to increase its market share as competition increases in the Tanzanian telecoms market.